Tag Archives: SMSF
When you have been doing SMSF auditing for as long as we have you get a feel for the common mistakes: Continue reading →
Trustees often do not understand why the auditor asks for a bank confirmation. The auditor must follow auditing guidelines and meet auditing standards. They must also comply with superannuation legislation.
The auditor can place greater reliance on evidence obtained directly from a third party according to auditing guidelines.
Do you want to scan and email, scan and send a disk of the information required for the audit.
We can assist in these functions even if you have never delved into the ‘paperless’ world before.
If you are undertaking the accounting and audit functions for your Self Managed Superannuation Funds, now is the time to think about the independence issue. Mention was made in the Cooper Review that it is not possible to have both these functions performed within the same firm.
One of the most common problems we identify in the course of an SMSF audit is that the deed is not up to date.
That could mean also that the deed is not signed, dated or does not meet current superannuation legislation.