AI in SMSF Auditing; How Much is Too Much?

AI in SMSF Auditing; How Much is Too Much?

As the widespread adoption of artificial intelligence continues within the professional services sector, a serious risk is emerging for self-managed super fund Auditors due to a lack of clearly defined boundaries and guidelines on how and when it is appropriate for...
Involved in a PAF? Here’s Why You Need an Auditor

Involved in a PAF? Here’s Why You Need an Auditor

If you’re familiar with Private or Public Ancillary Funds (PAFs and PuAFs respectively), it’s likely you’re well versed in what this kind of structure is, and why it exists. But are you as familiar with the compliance obligations? In simple terms, PAFs and PuAFs are...
Do SMSF Trustees Truly Understand Auditor Contravention Reports?

Do SMSF Trustees Truly Understand Auditor Contravention Reports?

With the number of Self-Managed Superannuation Funds (SMSF) in Australia growing year on year, there is much discussion around the responsibilities and reporting obligations of Trustees – but what happens when a breach occurs and an Auditor Contravention Report (ACR)...
Compliance Landscape to Change with the Introduction of Div296

Compliance Landscape to Change with the Introduction of Div296

With the Federal Government’s changes to superannuation all but certain, including the taxation of unrealised gains, self-managed super funds (SMSF) should start preparing for a shift in the compliance environment, particularly around the reporting and valuation of...
Why Annual Asset Valuation is More Important Than Ever

Why Annual Asset Valuation is More Important Than Ever

As the end of financial year approaches, it’s timely to remind self-managed superannuation Trustees of their compliance obligations, and in particular the need to ensure assets are valued correctly. While this is regular practice, given that the Australian Tax Office...