LATEST SMSF INDUSTRY DISCUSSIONS

There have been mixed reactions to the new Independence Code for SMSF audits, with some firms outraged that they may have to give up audit

A new Independence Guide for SMSF auditing has become mandatory for audits in Australia. The Guide incorporates changes to the restructured APES 110 Code of

No ambiguity – Chinese walls are out! The recently released APES 110 Code of Ethics for Professional Accountants including Independence Standards makes it clear that

The Covid-19 pandemic has thrust rapid change into many industries, not least the Accounting and SMSF sector. With many firms overloaded with advising and implementing

The National Cabinet Rent Code PDF Up to date as at 8 April 2020 While under normal circumstances, SMSF rentals are required to be at

In the midst of a week that has seen ASIC suspend or disqualify several SMSF auditors, many Accountants have received an email from an SMSF

Actions speak louder than words and the ATO has demonstrated they are serious about enforcing the highest possible standard in SMSF audits. To begin their

Mis-use of Auditor Numbers Over 600 tax practitioners have either deliberately or mistakenly mis-used an SMSF auditor number, with the ATO detecting over a thousand

Communicative Auditors Add Value Recent court decisions highlight situations where the Auditor did not seek sufficient and appropriate evidence that the assets and liabilities of