SMSF auditors across Australia face clear-cut challenges. An ageing population, a lack of succession planning, decreasing audit fees and a general resistance to change means that many who should embrace technology haven’t made the move. Moreover, the SMSF industry must act now to prepare for SMSF audit independence requirement that will come into form on 1 July 2021.
Fortunately the future is here, and it is automated. By harnessing the power of automation, SMSF auditors can meet their compliance requirements, cut costs, improve customer relations, enhance productivity and future-proof their organisation in a way that wasn’t formerly possible.
This whitepaper, Automation Nation: Why Tech is the Future of SMSFs, explores the ways new hardware and software is revolutionising the way auditors work.