News : Auditing

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.

read more
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.

read more
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.

read more
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.

read more
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.

read more
ASIC, Auditing

ASIC bans SMSF auditor, acts on five others

ASIC action SMSF auditors

ASIC has taken action against six SMSF auditors after receiving referrals from the ATO to examine their level of compliance with legal obligations.

read more
Administration, Auditing

Audit and admin business rebrands

SMSF audit administration

Superannuation Advisors Australia has undergone a rebrand, with the organisation now operating as Seamless SMSF.

read more
Auditing

Annual return audit requirements may not last

Part A qualifications

A specialist auditor has suggested the new reporting requirements on the SMSF annual return regarding Part A qualifications from auditors may not be permanent.

read more
ATO, Auditing

Audit standards need to lift

Top 100 SMSF auditors

A specialist practitioner has called for improved professional standards from the auditing community, given the results of the ATO’s review of the top 100 SMSF auditors to date.

read more
Auditing, Regulation

SAN misuse needs harsh penalty

SMSF auditor numbers

Tax agents found to have deliberately misused SMSF auditor numbers should have suitably severe punishment handed down to them, a specialist auditor has said.

read more

Copyright © SMS Magazine 2020

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital