by Audit Your Superfund | Aug 13, 2024 | Blog
It is a regulatory requirement for all SMSFs that assets be valued at their market value when preparing the fund’s annual accounts and financial statements. Additionally, SMSF auditors are required to gather sufficient and appropriate evidence to support the value of...
by Audit Your Superfund | Aug 9, 2024 | Blog
The ATO requires that every SMSF client must prepare and implement a strategy for their investments and review it regularly. Regular review is essential to not only ensure compliance with the law, but also to make sure that the members’ retirement goals are on...
by Audit Your Superfund | Jun 17, 2024 | Blog
With 30 June approaching, now is the time to ensure your clients are getting the best outcome from their super contributions. It’s vital to ensure contributions are received before the end of June. For Individuals For SMSFs, contributions need to hit the fund’s bank...
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 | Apr 3, 2024 | Blog
As we noted in a recent blog post on property valuations for SMSFs, properties have become increasingly popular investments for self-managed super funds in recent years. However, there are several risks to be aware of when a trustee invests in either residential or...
