Sep 3, 2024
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...
Aug 27, 2024
As an auditor, I am passionate about the need for simplicity and reducing red tape where possible, and yet when it comes to lease agreements, I believe it should be best practice for auditors to insist upon a written agreement for transactions with related parties....
Aug 27, 2024
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...
Aug 27, 2024
An auditing expert has taken to the ‘young-people’s medium’ – TikTok – in a bid to educate the younger generation about the Federal Government’s planned changes to Australia’s superannuation system. Naz Randeria isn’t looking to become an influencer, but rather the...
Aug 27, 2024
It goes without saying that assets held by a Self-Managed Superannuation Fund need to be correctly valued and insured, but too many Trustees are not aware that failing to have an insurance policy over an asset held by the SMSF could cost them dearly in the case of an...
Sep 1, 2023
Businesses need to consider whether they are engaged with a truly independent auditor to avoid potentially exposing their company to unnecessary risk, costly mistakes or even non-compliance. An auditor presents an opportunity for a business to have their financials...
