News : Auditing

Auditing

No plans for auditor CPD change

SMSF auditors CPD

The ATO has indicated there is no appetite among regulatory agencies to ease the continuing professional development requirements for SMSF auditors.

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Auditing

Auditor bullying can be managed

Auditor intimidation

Situations where an SMSF auditor is being intimidated by a client can be managed if the practitioner cannot resign the account, a leading practitioner has said.

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Auditing

Auditors off hook for rent relief breaches

auditors rent relief breaches

Contraventions of super laws that might arise as result of rental relief measures do not need to be reported by auditors for the current financial year, the ATO says.

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ASIC, Auditing

ASIC disqualifies four SMSF auditors

ASIC disqualified SMSF auditors

ASIC has disqualified four SMSF auditors and suspended two more as part of ongoing action against SMSF auditor misconduct.

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Auditing

Auditors need better protection

SMSF auditors protection

Current steps to address SMSF auditor number misuse (SAN) are a good start but a better process than manual checking needs to be developed, a specialist auditor has claimed.

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ATO, Auditing

Tax agents tagged in SAN misuse probe

SAN misuse tax agents

The ATO has examined more than 1000 cases of SMSF auditor number (SAN) misuse and has taken against 90 people as part of its rolling compliance efforts.

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ATO, Auditing

ATO issues auditor appointment reminder

appoint SMSF auditor

The ATO has reminded trustees they are legally required to appoint an approved SMSF auditor by 31 March or face the possibility of a large fine.

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ATO, Auditing

ATO still finding issues with auditors

ATO SMSF auditors

An ongoing review of SMSF auditors has continued to find concerns with their practices, with some being referred to ASIC for further action.

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Accounting, Auditing, Financial Planning

SMSF advice compliance “out of control”

SMSF advice compliance

The compliance changes SMSF advisers have faced recently have been overwhelming, a compliance expert says.

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ATO, Auditing

Auditors slow to respond on SAN misuse

SAN misuse

SMSF auditors have been slow in coming forward about the misuse of their auditor numbers, but the ATO has increased action on reported cases.

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