Independence is the foundation of a good SMSF audit

Independence is the foundation of a good SMSF audit

In recent years, both the ATO and ASIC have shone the spotlight on the independence of SMSF auditors in Australia. This scrutiny of SMSF auditors is set to increase under a new licensing regime, which allows accountants to provide SMSF advice. Many accounting firms...
What happens when an SMSF isn’t compliant?

What happens when an SMSF isn’t compliant?

As SMSF auditors, we review thousands of funds every year, many will be compliant. However, there are always some that don’t meet what the law requires. This doesn’t mean trustees are deliberately flouting the law, nor does it mean the accountant or...