The introduction of direct bank feeds into SMSF platforms has been both a blessing and a curse for SMSF auditors and advisers. Direct bank feeds can provide time-saving benefits because they eliminate trawling through pages of disorganised statements. However, depending on the status of the feed, a raft of new issues emerge that can throw […]

The Administrative Appeals Tribunal (AAT) has made the decision to reinstate Manoj Abichandani’s registration as an approved SMSF auditor.

The Administrative Appeals Tribunal (AAT) has sustained the corporate regulator’s decision to disqualify Abe Samuel from being an approved SMSF auditor after breaching independence requirements and being deemed unfit to perform his duties.

The corporate regulator today released revised website content that simplifies and improves the registration process for prospective SMSF auditors.

SMSF auditors must remember that judging the appropriateness of an SMSF trustee’s investment strategy is not part of their professional responsibilities, a superannuation specialist has warned.

It is important for SMSF auditors to take note of a recent ATO taxpayer alert when performing their annual scrutiny of funds, writes Neil Ashton.

The ATO will continue its focus on SMSF auditors and will closely monitor those who operate under three key areas of concern, according to a superannuation specialist.

ASIC’s “Overview of licensing and professional registration applications: July to December 2015” shows the number of approved SMSF auditors for the period just about matched the number of SMSF auditors who had their registrations cancelled.

The advent of blockchain technology will have a significant impact on the way SMSF audits are processed in the future as auditors will be assessing these transactions instead of documents.