SMSF Audit

2018 SMSF Audit Cycle

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 sector [...]

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2016 SMSF Auditor Award

Evolv gets  awarded SMSF Auditor of the Year for the second year running at the 2016 CoreData SMSF Audit Service Provider Awards. Evolv is delighted to have received the SMSF Auditor of the Year award at the 2016 Core Data SMSF Service Provider Awards. The event was held at Parliament [...]

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NALI – Non-arms’s Length Income

Investments in related unit trusts are a popular investment vehicle for many SMSFs. Often the focus of these investments is ensuring that the unit trust investment complies with a host of legislative requirements in the SIS Act such as: the in-house asset rules, sole purpose test and ensuring all investments [...]

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Rise in Preservation Age

With the beginning of a financial year upon us, SMSF trustees would have already been busy planning & executing various actions within their funds – reviewing investment strategies, ensuring their records are up to date and audit ready, and documenting pension commencements and commutations. With pension commencements in particular, trustees [...]

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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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