An auditor contravention report can add value to the running of an SMSF and as such accountants and trustees should not be fearful of them.

The ATO will continue its work on clamping down on SMSF auditor number misuse with its next mail-out to auditors starting next month.

Auditors do not need to see every piece of documentation associated with SMSF strategies in order to conduct the yearly audit for a fund.

More trustees appear to be wanting to meet their SMSF auditor face-to-face to establish a level of comfort over the servicing of their fund.

SMSF trustees who cannot find comparable sales data for use in a property valuation can rely on other forms of information if they have sufficient evidence.

The challenges practitioners are currently facing with APES 110 are leading some of them to reconsider a previously unpopular policy.