SMSF Audit News

APES 305 – the impact on SMSF audit terms of engagement

2021-05-27T10:35:44+10:00March 18th, 2021|Categories: Audit News, Independence, Self Managed Super Funds|

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, [...]

Streamlining the audit process

2021-05-27T10:35:25+10:00February 20th, 2021|Categories: Audit News, Independence, Self Managed Super Funds|Tags: |

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 [...]

Scale – the must-have factor for SMSF audits

2021-05-27T10:35:10+10:00February 12th, 2021|Categories: Audit News, Independence, Self Managed Super Funds|Tags: |

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

2021-05-27T10:34:18+10:00January 28th, 2021|Categories: Audit News, Independence, Self Managed Super Funds|

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 it’s resources

2021-05-27T10:34:12+10:00January 21st, 2021|Categories: Audit News, Independence, Self Managed Super Funds|

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 [...]

Data fed transactions: How much testing is enough?

2021-01-27T17:55:00+11:00December 2nd, 2020|Categories: Audit News, Independence, Self Managed Super Funds|

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 [...]

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