by Audit Your Superfund | Jun 7, 2017 | Blog
Property valuations are often a contentious issue for SMSF auditors. The auditor has a responsibility to confirm the assets of the fund are at a market value. If trustees don’t provide enough paperwork to support the valuation, it can cause delays in the SMSF...
by Audit Your Superfund | May 15, 2017 | Blog
Some trustees may be questioning if superannuation is the best place to hold their retirement nest egg. Whilst some of the tax benefits have been removed, there is no doubt superannuation is still a great retirement vehicle with many tax advantages. Understanding...
by Audit Your Superfund | May 11, 2017 | Blog
Look, we know talking about self-managed super funds in a relatable way is hard. The ATO tried it once – they wrote an entire BuzzFeed article trying to explain SMSFs with GIFs of dogs. We hadn’t heard of it until we started this article either. But the...
by Audit Your Superfund | May 10, 2017 | Blog
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...
by Audit Your Superfund | May 3, 2017 | Blog
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...
