SMSF Advice Guidance

ASIC has this morning released new guidance on SMSF advice, which deals in part with ASIC’s views on starting balances for SMSFs. Read More >> Source: SMSF Advisor Online

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Increased Scrutiny of Super Auditors

The Tax Office has warned of increased scrutiny of self-managed super funds and their auditors as it gears up to impose penalties of up to $10,200 on funds found breaking the law from July. Tax Office assistant commissioner for superannuation Matthew Bambrick said among the methods they will use to [...]

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2013 Audit Independence Guide

This guide is intended to provide a clear indication of the conceptual approach set out in Sections 290 and 291 of APES 110 Code of Ethics for Professional Accountants. It provides practical examples of independence issues encountered by accountants and auditors. The guide is designed for members in public practice [...]

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SMSF Auditor Registration Summary – ICAA

Outline of the new SMSF auditing regime commencing on 1 July 2013. Registration will commence from 31 January 2013. SMSF Auditors will be required to be registered from 1 July 2013 in order to conduct SMSF audits after that date. The registration regime applies to all SMSF auditors subject to [...]

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