A specialist SMSF auditor has moved to dispel a misunderstanding about the validity of data feeds and how much confidence a practitioner can have in using them as a reliable source of information for the yearly fund audit process.

Evolv founder and chief executive Ron Phipps-Ellis said the reliability of a data feed is determined by the quality of the service in question.

To this end, Phipps-Ellis argues that a direct-connect feed processed by way of an encrypted link satisfies the quality standard to which he is referring.

Read in SMSF Adviser