Did you know that the ATO intends to review 18,000 SMSF lodgements completed in the 2013-2014 financial year? Of particular attention to the
The ATO has issued correspondence that it intends to focus on firms and auditors who audit funds for they prepare the accounts and or provide advice.
The ATO & ASIC are concerned about instances where appropriate evidence cannot be supplied – undermining the effectiveness of the audit and in some cease raising concerns about the validity of the audit.
The ATO states that 'approved auditors who undertake only a small number of SMSF audits may not be as aware as they should be of what obligations they are meant to be auditing. They are therefore more likely to perform ineffective audits'. The SMSF audits that Audit Super Australia conducts each year range from the very large and complex to the very small and simple. Thousands of trustees rely on the quality of our services to ensure that they are compliant and that your business and ours are successful.
Our processes are simple and effective and provide you with the best SMSF Audit solution possible for your firm and for the trustees who engage your business each year.