Data fed transactions: How much testing is enough?

2022-06-27T17:09:41+10:00December 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 [...]

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

2022-06-27T17:10:46+10:00June 4th, 2020|Categories: Audit News, Self Managed Super Funds|

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 [...]

eSAT Super Audit Tool

2020-09-11T16:30:06+10:00March 26th, 2019|Categories: Audit News|

The Australian Taxation Authority is missing an opportunity to provide proper oversight of the annual audit process for Self-Managed Super Funds. Read on to find out how eSATs can improve SMSF auditor performance.

Three-yearly SMSF Audit Cycle

2022-06-04T19:23:26+10:00September 30th, 2018|Categories: Audit News|

One of the most topical issues continuing to be debated in the SMSF sector would be the proposed three-yearly SMSF audit cycle. To address the proposed changes we undertook an extensive survey of participants in the industry covering the perspectives of auditors, accountants, administrators and trustees.  We also received [...]

SMSF Auditor Registrations Crackdown

2020-08-12T13:40:24+10:00May 17th, 2018|Categories: Audit News|

Ron Phipps-Ellis, director of Evolv talks about the SMSF auditor registrations crackdown by corporate regulators, this may be occurring due to various factors largely based on complexities in the sector Read more here>>

2018 SMSF Audit Cycle

2022-06-04T19:26:38+10:00May 11th, 2018|Categories: Audit News|Tags: , , , |

LET'S TAKE ACTION TOGETHER The recent 2018 Federal Budget announcements interestingly included a section on triennial SMSF audits. From 1 July 2019, SMSFs with a history of ‘good record-keeping and compliance’ will only need to have their financial statements audited every 3 years. The SMSF industry is a $900B [...]

SMSF Audit collaboration

2020-09-11T16:31:51+10:00November 29th, 2017|Categories: Audit News|Tags: |

Ron Phipps-Ellis, director of Evolv writes about how collaboration among SMSF audit professionals, especially from a technology perspective, should be embraced and is the key to providing great client service. Read more here >>

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