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The Auditors Institute Ltd
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Be clear on asset valuations, particularly property

Trustees are responsible for the preparation of SMSF financial accounts and statements – assets must be valued at market value every year, based on objective and supportable data. Asset values […]

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The ATO has released a revised SMSF independent auditor’s report which is required to be used by
all SMSF audits completed on or after 1 July 2024. Section 35C(6) of the SIS Act requires that an
SMSF independent auditor’s report in the approved form is prepared by an SMSF auditor and given
to the fund’s trustees within 28 days after they have provided the relevant documents.
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The ATO has released a revised SMSF independent auditor’s report which is required to be used by all SMSF audits completed on or after 1 July 2024.  Section 35C(6) of […]

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EOFY
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What’s up for the EOFY Every financial year has two sides for super – the end of one and the start of another.  So, it’s important that you get them […]

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Avoid the ASIC walk of shame
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  Since early 2013 the ATO and ASIC have regulated SMSF auditors. The ATO reviews the auditor’s work and if necessary refers them to ASIC for further investigation and enforcement […]

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