[Awan Hammad]

Hi Mark

 

I assume the Unit Trust is a material investment to the SMSF.

The auditor should not rely upon the accountant of the Unit Trust in relation to the value of the units re an investment in a Unit Trust similar to the one you have referred to. The “look through” approach to the audit should be adopted and the assets and liabilities of the Unit Trust should be reviewed to ascertain if the market value is reasonable in the Fund’s accounts.

Thanks

SMSF AAA