News : Auditing

Auditing

Audit measure sparks lobby group formation

Belinda Aisbett

The SMSF Auditors Lobby Group has been established in response to the strong opposition to the 2018 budget measure to allow SMSFs with a good compliance and record-keeping history to switch to a three-yearly audit cycle, which many believe will weaken the sector.

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Auditing

Calls for more action over audit proposal

Runners' legs on the move.

The SMSF auditing community has begun actively rallying against the proposal handed down in last Tuesday night’s budget to allow SMSFs with a good compliance and record-keeping history the ability to switch to a three-yearly audit cycle.

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Auditing

New SMSF audit cycle sparks practitioner angst

George Jordan

The SMSF Association has received a significant amount of member feedback expressing concerns over the federal budget proposal for a three-yearly audit cycle for SMSFs with a good compliance and record-keeping history, as well as the industry body’s response.

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Auditing

SMSF audit measure met with scepticism

A person stands underneath cloudy skies.

The opportunity for SMSFs with a good compliance, record-keeping and lodgement history to move from an annual audit process to instead having to perform a fund audit every three years has the potential to damage the integrity of the sector, according to some industry service providers.

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Auditing

Budget SMSF audit measure will dent business

A 2018 federal budget measure to require SMSFs with a good compliance record to be audited once every three years rather than annually will have a sizeable negative impact on SMSF auditors, an accounting industry body said tonight.

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Auditing

ASIC cancels over 100 auditor registrations

The Australian Securities and Investments Commission (ASIC) has cancelled the registration of 117 approved SMSF auditors who failed to lodge their annual statements.

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Auditing

ASIC disqualifies two SMSF auditors

The Australian Securities and Investments Commission (ASIC) has disqualified Robert Newham of the Australian Capital Territory from being an approved SMSF auditor for breaching independence requirements and professional development obligations.

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Auditing

ASIC disqualifies Victorian SMSF auditor

The Australian Securities and Investments Commission (ASIC) has disqualified a Victorian auditor from being an approved SMSF auditor for breaching independence requirements.

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Auditing

Jailed Victorian SMSF auditor disqualified

The Australian Securities and Investments Commission (ASIC) has disqualified a Victorian SMSF auditor who was convicted of criminal offences and is serving time in prison.

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Auditing

ASIC disqualifies NSW SMSF auditor

The Australian Securities and Investments Commission (ASIC) has disqualified a New South Wales SMSF auditor for breaching fundamental independence requirements.

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