Specialist superannuation legal firm Townsends Business and Corporate Lawyers has identified the objective to better align the tax charged on the accumulation and retirement phases of superannuation as a continuing concerning aspect of the Financial System Inquiry (FSI).

ASIC’s 2014/15 annual report has shown the number of limited Australian financial services licences (AFSL) issued to accountants remains very low.

ASIC has suspended the registration of auditor Philip Dowsley for six months after an investigation found he had failed to comply with required professional standards.

SMSF administration software specialist Class Super has enhanced its service offering through the inclusion of an automated audit submission process.

The SMSF Association (SMSFA) has welcomed the appointment of Jim Chalmers as Labor’s superannuation and financial services spokesman.

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.