by Audit Your Superfund | May 31, 2024 | Blog
“My client’s Self-Managed Superannuation Fund (SMSF) is buying a commercial property. What will I need to provide for the audit?” When an SMSF buys a commercial property, certain documents and evidence need to be provided for the audit. The specifics depend on whether...
by Audit Your Superfund | May 2, 2024 | Blog
A common topic that comes up a lot in our SMSF audits has to do with discrepancies in investment strategies. The investment strategy of an SMSF is a written plan for making, holding, and realising assets consistent with the members’ objectives and retirement goals....
by Audit Your Superfund | Mar 6, 2024 | Blog
Many self-managed superfunds include real estate properties. As a result, issues surrounding these properties often come up in our SMSF audits, especially since the ATO is targeting this area more closely than in the past. Changes in ATO guidelines In recent years,...
by Audit Your Superfund | Jul 30, 2020 | Blog
The benefits of investing in an SMSF allows members to have control over investments and have the choice of investing in many areas such as direct property, listed shares, managed funds, private investments and unique/unusual investments. The super fund holds these...
by Audit Your Superfund | Nov 6, 2019 | Blog
In the first half of the 2018/2019 financial year, the ATO referred 37 self-managed super funds auditors to ASIC for independence breaches. This operation was part of the ATO crackdown aimed at reviewing SMSF auditors in an attempt to unearth an intentional failure to...
