What’s Ahead of SMSFs?

2023-01-11T14:51:03+11:00August 29th, 2016|Categories: Audit News|Tags: |

Recently, the ATO published a speech delivered by the ATO Deputy Commissioner Superannuation, James O’Halloran, in an address to the CPA SMSF conference. The Deputy Commissioner discussed the Superannuation reforms and noted particular interest from the general public in relation to the proposed $500,000 lifetime cap for non-concessional contributions [...]

ATO crack down on ‘reciprocal audits’

2023-01-11T14:51:41+11:00August 15th, 2016|Categories: Audit News|

Early in August, the ATO Assistant Commissioner Kasey Macfarlane again raised the issue of auditor independence. In particular the issue of reciprocal auditors - the situation where 2 auditors with their own funds agreed to audit each other’s SMSFs, or where 2 partner firms have ‘Chinese walls’. In our [...]

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