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)...
On the back of recent amendments to the Superannuation Industry (Supervision) Act allowing a change in financial statement signatory requirements, questions are being asked about whether audit documentation should also be subject to those changes. Specifically, some...
Section 130 of the Superannuation Industry (Supervision) Act 1993 (SISA) requires self-managed superannuation fund (SMSF) auditors to report contraventions to the ATO if they know or suspect that a contravention has, is or is about to occur by lodging an...
