SMSF auditors must meet trustee declaration requirements to avoid compliance issues, the ATO has recently warned. The regulator said as part of the annual compliance audit, SMSF auditors must confirm that trustees have properly signed and stored their trustee declarations. Auditors must verify this for anyone who became a trustee or director of a corporate trustee after 30 June 2007, or completed an education direction. It continued that trustees must keep their signed decl

Did you know that if your Self-managed Superannuation Fund (SMSF) has a regulatory contravention which you have not been able to rectify,...

The new auditor independence standards will allow SMSF accountants to work without the additional concern of overstepping boundaries...

SMSF auditors will be more closely scrutinising the types of audit evidence provided this year including what date it relates to, as both...

For SMSFs that did not lodge on time last year and for new SMSFs that are not lodging through a tax agent, the SMSF annual return (SAR)...

The Accounting Professional and Ethical Standards Board (APESB), has recently emphasised the requirement for independence of SMSF...

The COVID-19 pandemic has affected everyone’s lives, and Self Managed Superannuation Fund ("SMSF") trustees are no exception. Super Fund...

The Accounting Professional & Ethical Standards Board (APESB) have released a new Independence Guide which makes it clear accountants can...

The Australian Taxation Office has warned the nation's 600,000 self-managed super funds to comply with the law or face stiff fines,...

The ATO has released updated trustee guidance outlining it's expectations in relation to SMSF investment strategies and repeated its...