Evolv launches outsourcing tool for auditors
SMSF auditing firm Evolv has developed a white-labelled outsourcing tool that performs the majority of SMS audit procedures on behalf of SMSF auditors.
Evolv executive director Ron Phipps-Ellis says the new offering, Evolv Grey, produces a financial and compliance audit though Evolv’s software and resources.
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“Auditors then review our work and as their clients’ trusted adviser, continue to sign the audit report and charge the audit fee they are comfortable with,” Mr Phipps-Ellis said.
He said the SMSF audit industry is large and disparate, and mergers and acquisitions in this space are uncommon.
“[This] new offerings provide an alternate way to collaborate and do our jobs more efficiently – together.”
