News : Auditing

Auditing, NALI/NALE

New light shed on NALI audit role

SMSF auditors NALI

The onus on SMSF auditors to detect non-arm’s-length income or expenditure in a fund may have diminished after a ruling in the NSW Supreme Court.

read more
ASIC, Auditing

ASIC wins appeal to disqualify auditor

ASIC disqualification auditor

ASIC has won the latest round in a series of actions regarding the disqualification of an SMSF auditor, with a final determination yet to be made.

read more
ASIC, Auditing

ASIC acts against six SMSF auditors

ASIC SMSF auditors

ASIC has taken action to remove five SMSF auditors from practice and imposed conditions on another auditor following referrals from the ATO.

read more
Auditing

Audit registration fee parity wanted

SMSF auditors registration fees

The SMSF Association has used a submission to government to recommend audit registration fees be standard for all practitioners.

read more
Auditing, Technology

Auditors can rely on quality data feeds

auditors data feeds

Data feeds can be a reliable source of information for SMSF audits as long as the quality of the information exchange is of the highest level.

read more
Auditing

SMSF audit announcement welcomed

SMSF audit cycle

The elimination of any policy consideration to change the yearly SMSF audit cycle confirmed in the October federal budget has been welcomed.

read more
Auditing

Govt proposes auditor fee changes

SMSF auditor fees

The cost of being registered as an SMSF auditor will increase, but those looking to exit will be able to do so at a much lower cost.

read more
Auditing, Compliance, Tax

Tax agents terminated for false SMSF audits

tax agents smsf audits

The Tax Practitioners Board has terminated the registration of two tax agents for dishonest conduct in regard to the veracity of SMSF audits.

read more
Auditing

Audit lessons from Caddick case

smsf auditors caddick

SMSF auditors must heed the lessons that have emerged from the fraudulent activities uncovered in the well-publicised Melissa Caddick case.

read more
Auditing

ACRs can add value

auditor contravention reports value

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.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.