Delivering one source of information for multiple users was a continual challenge confronting organisations providing automated SMSF audit services, according to an auditing software firm.

Auditors have raised concerns over their ability to properly fulfil the required professional obligations when auditing an SMSF without holding an Australian financial services licence (AFSL).

Smithink founder David Smith has been appointed chair of FPT Wealth.

SMSF trustees can ensure better protection of their retirement savings upon the death of a member by including clauses in the fund’s trust deed designed to facilitate a desired outcome. Trustees could achieve that through the inclusion of powers in the deed limiting the distribution of benefits upon the death of a member to individuals […]

The SMSF Owners’ Alliance has urged the federal government to take a thoughtful approach when considering any changes to the taxation of superannuation.