SMSF Audit News

No two SMSF audits are the same

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 that [...]

2021-04-21T10:55:35+10:00April 21st, 2021|Categories: Audit News|Comments Off on No two SMSF audits are the same

Managing change for APES 110

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 – [...]

2021-04-21T11:01:43+10:00April 1st, 2021|Categories: Audit News|Comments Off on Managing change for APES 110

When onboarding is easy

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 that [...]

2021-04-21T11:03:33+10:00March 25th, 2021|Categories: Audit News|Comments Off on When onboarding is easy

APES 305 – the impact on SMSF audit terms of engagement

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, this [...]

2021-04-21T11:10:41+10:00March 18th, 2021|Categories: Audit News|Comments Off on APES 305 – the impact on SMSF audit terms of engagement

Choosing the perfect Independent SMSF audit partner

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 for. [...]

2021-04-01T14:35:59+11:00March 10th, 2021|Categories: Audit News|Comments Off on Choosing the perfect Independent SMSF audit partner

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, [...]

2021-04-01T14:52:42+11:00February 20th, 2021|Categories: Audit News|Tags: |Comments Off on Streamlining the audit process

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 [...]

2021-04-01T14:32:51+11:00February 12th, 2021|Categories: Audit News|Tags: |Comments Off on Scale – the must-have factor for SMSF audits

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. [...]

2021-01-27T17:55:00+11:00December 2nd, 2020|Categories: Audit News, Independence, Self Managed Super Funds|Comments Off on Data fed transactions: How much testing is enough?

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 [...]

2020-10-14T16:32:03+11:00October 14th, 2020|Categories: Audit News, Independence, Self Managed Super Funds|Comments Off on Time to evolve your firm’s approach to SMSF audits

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 [...]

2020-09-09T17:23:35+10:00June 4th, 2020|Categories: Audit News, Self Managed Super Funds|Comments Off on Covid-19 Audit Compliance – The long-term audit needs for temporary Covid-19 rent relief
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