News : Auditing

Accounting, AML/CTF, Auditing, financial advice, Financial Planning, SMSFA

SMSFA urges action on AML/CTF reforms

Advice and accounting businesses that have not prepared for new AML/CTF reforms should act immediately to meet the looming compliance deadline.

Advice and accounting businesses that have not prepared for new AML/CTF reforms should act immediately to meet the looming compliance deadline.

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Auditing, Valuations

Asset valuation guide released

Super Clarity has issued a new information sheet outlining the key areas to consider when undertaking a market valuation.

Super Clarity has issued a new information sheet outlining the key areas to consider when undertaking a market valuation.

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ATO, Auditing, Compliance, Tax

Budget emphasises audit automation

The significant financial changes announced in the 2026 federal budget have increased the importance of automation for SMSF auditors.

The significant financial changes announced in the 2026 federal budget have increased the importance of automation for SMSF auditors.

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ATO, Auditing, Compliance, Documentation

ATO issues SAN misuse warning

The ATO has warned tax agents and trustees against misusing SMSF auditor numbers as the lodgement date for fund annual returns approaches.

The ATO has warned tax agents and trustees against misusing SMSF auditor numbers as the lodgement date for fund annual returns approaches.

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Auditing, Valuations

Valuing complex SMSF assets

There is a particular methodology to which advisers and trustees must adhere when looking to value SMSF assets that are complex in nature.

There is a particular methodology to which advisers and trustees must adhere when looking to value SMSF assets that are complex in nature.

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Auditing, Compliance

Super Clarity provides new auditor guide

Super Clarity has published an information sheet to assist auditors with their approach to compliance with SIS Act sections 109 and 62.

Super Clarity has published an information sheet to assist auditors with their approach to compliance with SIS Act sections 109 and 62.

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ASIC, ATO, Auditing, SMSF, SMSFA

Sector criticism groundless

Recent claims from certain industry quarters that SMSFs are not properly governed have been refuted by the sector’s peak representative body.

Recent claims from certain industry quarters that SMSFs are not properly governed have been refuted by the sector’s peak representative body.

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ATO, Auditing, Compliance

Auditors reminded to check trustee status

The status of SMSF trustees needs to be checked at each audit, with the ATO finding some auditors are still not carrying out this requirement.

The status of SMSF trustees needs to be checked at each audit, with the ATO finding some auditors are still not carrying out this requirement.

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ATO, Auditing, Compliance

ATO monitoring auditor workload

The ATO is monitoring the volume of audits carried out by a shrinking pool of practitioners, but notes they are compliant in a key practice area.

The ATO is monitoring the volume of audits carried out by a shrinking pool of practitioners, but notes they are compliant in a key practice area.

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Auditing, Compliance, Property

Rent a related-party lease failure flag

An auditor has flagged rent payments as a key issue that often indicates a related-party lease is not compliant with super law.

An auditor has flagged rent payments as a key issue that often indicates a related-party lease is not compliant with super law.

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