The ATO has recently taken serious compliance action against several SMSF auditors engaged in reciprocal arrangements.

A new agreement has been reached between two auditing organisations to provide a solution for compliance with the amended auditor independence standards.

The ATO’s audit fee dependency benchmark could give larger accounting firms an advantage over specialist SMSF audit firms.

The ATO’s audit independence guidance highlights the near impossibility of firms being able to use automated tools as a path to in-house audits, a technical expert says.

The SMSF Association has sought to extend the deadline by which accounting firms have to comply with the amended auditor independence standard.