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How to compare SMSF Auditors

How to compare SMSF Auditors

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...
230 Tax Agents have mis-used SANs in the latest count

230 Tax Agents have mis-used SANs in the latest count

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...
Why your Auditor can’t be in your pocket!

Why your Auditor can’t be in your pocket!

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...
The Client Perspective on the new Code of Ethics: It’s all about communication

The Client Perspective on the new Code of Ethics: It’s all about communication

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...
“Routine and mechanical” is not a loophole

“Routine and mechanical” is not a loophole

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...
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