Streamlining the audit process

As the deadline for SMSF audit independence approaches, accountants need to be mindful when selecting an SMSF auditor with the resources, processes and experience to conduct timely and efficient audits. A smooth audit is a good audit. It delivers a win-win for both accounting and advisory firms and SMSF trustees, [...]

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Scale – the must-have factor for SMSF audits

Does your SMSF auditor have the capacity to take on more audits? We look at why scale matters when it comes to meeting SMSF audit independence requirements. As accounting firms race to meet the 1 July deadline for SMSF audit independence, many will be seeking to form new relationships with [...]

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Smoothing the journey to SMSF audit independence

Smoothing the journey to SMSF audit independence Change may not always be easy, but independent SMSF audit specialist – Evolv, offers a dedicated onboarding process that is helping accountants and business advisers transition to SMSF audit independence. The requirements for SMSF audit independence that take effect from 1 July 2021, [...]

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Is your firm making the best use of it’s resources

Is your firm making the best use of its resources? Proposed New SMSF independence audit rules provide opportunities for firms to improve productivity and profitability. Proposed new SMSF audit independence requirements come into place in mid-2021. At first glance, the new rules appear to result in a revenue loss for [...]

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Time to prepare for SMSF audit independence

SMSF audit independence – the time to act is now! Daria Galstyan CA, Associate Director – Audit at Evolv, urges accounting firms to act now to prepare for SMSF audit independence requirements that come into force on 1 July 2021. In the second half of 2020, Evolv recorded a 60% [...]

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Data fed transactions: How much testing is enough?

Ron Phipps-Ellis, founder and CEO of SMSF audit specialists Evolv, explains the firm’s cost-effective approach to auditing data fed transactions. Data feeds not only have the potential to streamline the audit process, they also pave the way for automation, making the audit more efficient and more cost-effective for the client. [...]

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Time to evolve your firm’s approach to SMSF audits

As the clock ticks towards 1 July 2021, Evolv Super’s flexible suite of products is helping firms plan ahead to meet strict SMSF audit independence requirements. With just nine months remaining before the new financial year, thousands of accounting firms across Australia need to act fast to review their approach [...]

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Covid-19 Audit Compliance – The long-term audit needs for temporary Covid-19 rent relief

Many  self managed super fund (SMSF) trustees have been breathing a sigh of rental relief after the ATO announced that changes could be made to commercial property agreements due to the financial fallout of the Covid-19 crisis. One of the unique benefits of an SMSF is that property owned by the [...]

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