Problems we find when auditing
The most common issue we find when commencing an audit is missing information.
If a super fund holds shares, we can find most information if we have the HIN. By going online, we can see the transactions and the dividend information. Sometimes the fund will have more than one HIN and we can spend a lot of unproductive time looking.← How much information do SMSF Trustees want? Auditing super funds holding term deposits →