SMSF Audits

Triennial audit risks industry contraction

The SMSF audit industry could witness increased contraction and consolidation should the triennial audit cycle policy proposal be legislated. Evolv's Ron Phipps-Ellis discusses this issue in a recent article published by Self Managed Super Magazine. To view the article, please click here>>          

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Evolv’s view on the 2018 Budget – 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 that [...]

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The ATO reports continued growth and positive returns for the SMSF industry

On 16 December 2015 the ATO released their latest SMSF statistics, the Annual Self-Managed Superannuation Funds: A Statistical Overview 2013-14 and the September 2015 edition of the quarterly Self-Managed Superannuation Funds Statistical Report . ATO Assistant Commissioner Kasey Macfarlane provided commentary on the increase in numbers of funds and members, and [...]

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