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SMSF auditors are not a dying breed, says professional
Keeli Cambourne
Although it may seem SMSF auditors are coming under fire from increased ATO scrutiny, the industry is not being decimated as a recent ...
Although it may seem SMSF auditors are coming under fire from increased ATO scrutiny, the industry is not being decimated as a recent ...
A recent addition to advice on the ATO web page could have enormous consequences for auditors, says a superannuation lawyer.
The SMSF auditor competency requirements were last month withdrawn by the Joint Accounting Bodies.
The ATO referred 41 SMSF auditors to ASIC during the 2022–23 financial year, the highest rate in five years.
It’s essential that SMFSs and trustees engaging in property developments are aware of the complexities involved as contraventions can occur ...
A recent Administrative Appeals Tribunal (AAT) decision which highlighted the importance of contemporaneous documentation and commercial ...
The Administrative Appeals Tribunal (AAT) has recently upheld a Tax Practitioners Board (TPB) decision to terminate the registration of a ...
The Australian Taxation Office (ATO) has warned SMSF auditors to ensure there are no charges over fund assets as part of completing an ...
Unravelling a suspect transaction in an SMSF can be time consuming, costly, and could result in administrative penalties or the sale of an ...
The ATO is reminding SMSFs they need to appoint an approved SMSF auditor for each income year no later than 45 days before they need to ...
The SMSF sector is seeing a rationalisation of auditors in the industry and a much higher benchmark of what they are doing in regard to the ...
The recent disqualification of auditors by ASIC is not cause for alarm, says one of Australia’s leading advisers in the sector, but it does ...
If an SMSF makes a “reasonable” attempt to determine if expenditures have been made at arm’s length, they are much less likely to attract ...
Although the ATO is not presently issuing education directives to trustees who may have breached compliance laws, it is handing down ...
ASF Audits (ASF) and Deloitte have entered into an agreement for ASF to acquire Deloitte’s SMSF auditing business, effective from 30 June ...
For weeks now I’ve kept returning to this story in SMSF Adviser that talks about “fairness” in the context of the proposed new 15% tax on ...
The ATO has confirmed that it holds tax professionals who start an SMSF to a higher standard than their counterparts.
ASIC has cancelled the registration of a further 29 auditors of SMSFS that failed to lodge their annual statements.
There was more than a 130 per cent increase in the number of trustees disqualified year-on-year, according to the latest statistics released ...
Navigating disqualified SMSF trustees can be challenging due to the number of moving parts to deal with.
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