by David Saul | Jan 28, 2021 | Business Services, Featured Articles, Financial Services, Practice Management
Choosing the best auditor for your firm Evaluating different SMSF auditors is not as simple as comparing apples with apples! With the deadline for ATO enforcement of the new Independence Code only months away, many Accounting firms are hastily reorganising their audit...
by David Saul | Jan 11, 2021 | Client Management, Featured Articles, Financial Services, Practice Management
The ATO is continuing its program to weed out the mis-use of SMSF Auditor Numbers (SAN) where tax agents are in effect masquerading as auditors. The ATO mailed the 2018 annual returns to registered SMSF auditors requesting a SAN confirmation check and this resulted in...
by David Saul | Nov 25, 2020 | Business Services, Client Management, Financial Services, Practice Management, Workflow Management
The new APES 110 Code of Ethics for Professional Accountants has many ramifications for SMSF trustees… and Accountants have an obligation to notify clients of changes that may affect their audits. Under the new code, accounting firms providing administration for...
by David Saul | Nov 3, 2020 | Business Services, Client Management, Featured Articles, Financial Services
The new APES 110 Code of Ethics for Professional Accountants has many ramifications for SMSF trustees… and Accountants have an obligation to notify clients of changes that may affect their audits. Under the new code, accounting firms providing administration for...
by David Saul | Oct 9, 2020 | Client Management, Featured Articles, Financial Services, Workflow Management
The new Independence Guide clarifies that an auditor cannot audit an SMSF if they prepared the financial statements for the SMSF unless it is a “routine or mechanical service”, however the ATO has clarified that the “routine and mechanical” exception is...
