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Auditor fee referral threshold set to be revised
Miranda Brownlee
The APES Board is planning to revise the 20 per cent threshold for auditor referral fees outlined in APES 110, said the SMSF Association.
The APES Board is planning to revise the 20 per cent threshold for auditor referral fees outlined in APES 110, said the SMSF Association.
Some SMSFs are failing to properly document arrangements where they have provided rental relief or loan relief due to the pandemic, which ma
With the increasing popularity of non-fungible tokens (NFTs), SMSFs potentially holding NFTs will need to be prepared to manage numerous com
The SMSF Association has appointed a new member to its board heading into 2022.
As a valued road map to your ultimate financial goals, a well-defined investment strategy is an essential step in retirement planning, which
With the ATO ramping up its regulation on SMSF auditors, SMSFs will need to navigate continuous upheaval across the practice area as the ind
With over four months passed since the auditor independence standards set in, SMSF firms are beginning to finalise their strategic direction
SMSFs making valuations of private company shares and trusts will need to ensure early preparation to meet any arising difficulties and cost
SMSF firms are challenging the adoption of the 20 per cent threshold for auditor referral fees, arguing that the arbitrary figure is inconsi
SMSFs involved in related party transactions are facing increased exposure to risks, especially around commercial property leasing, with mor
The much-anticipated Law Companion Ruling 2021/2 has not resolved the nuances of ITAA97 section 295-550. The Regulator’s interpretation is
The new proposed changes to fee provisions may lead to unintended impacts for SMSF audits and will require greater consideration on its diff
The recently issued exposure draft amendments to fee provisions in the auditor independence code requires greater clarity to address arising
The SMSF Auditor Association of Australia has appointed a new member to its board of directors.
The ATO has reminded SMSF auditors and other tax professionals to provide feedback on proposed amendments to fee provisions of the Independe
If “you play lousy games, you win lousy prizes”. And having a multimillion-dollar Notice of Claim land in your firm’s letterbox from a
The ATO is set to commence the next SAN misuse mailout in early September with a new strategy designed to increase detection of incorrect re
The ATO has flagged the need for SMSFs to start preparing for their lodgement of SMSF annual return (SAR) due by 31 October 2021.
The APESB has recently issued exposure draft amendments to fee provisions in the APES 110 Code of Ethics. The predominant focus is on areas
ASIC has yet to address the auditing standard impacts on financial advice licensees which is becoming a fast-emerging issue that will create
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