As any accountant with SMSF clients knows, the laws around compliance are complex, and it can be easy for trustees to inadvertently breach the rules. That’s where the relationship between an accounting firm and its SMSF auditor can make a valuable difference. With the due date for SMSF audit [...]
No two self-managed super funds are identical so it stands to reason that no two SMSF audits will be the same. Daria Galstyan CA, Associate Director – Audit at Evolv, explains why this matters. When it comes to selecting an independent SMSF auditor, it pays to bear in mind [...]
Organisational change is never easy but it can bring outstanding benefits. Daria Galstyan CA, Associate Director – Audit at Evolv, looks at how accounting and advisory firms can manage the changes required for SMSF audit independence. Moving to an independent SMSF auditor is a process that calls for planning [...]
What does it take to move to an independent SMSF audit service? Surprisingly little when you partner with the right auditor. Muhammad Khalid, SMSF Audit Manager at independent SMSF audit specialist Evolv, explains just how easy it can be to transition to an external SMSF auditor. “At Evolv, we understand [...]
APES 305 gives accounting practices a compliance framework to implement SMSF audit independence ahead of 1 July 2021. Daria Galstyan CA, Associate Director – Audit at Evolv, points out that the disclosure requirements of APES 305 are based on materiality. If a firm uses another firm’s services to a material degree, [...]
There’s a lot riding on your choice of SMSF auditor, and like any long-term relationship, it pays to get it right the first time. As accounting and advisory firms seek independent SMSF auditors ahead of 1 July, it pays to narrow down the choice by knowing what to look [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]