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>>          

2019-02-15T02:44:00+00:00 October 10th, 2018|Categories: Audit News|Tags: , , , , , , , |Comments Off on Triennial audit risks industry contraction

ATO cracking down on ‘reciprocal audits’

Early in August, the ATO Assistant Commissioner Kasey Macfarlane again raised the issue of auditor independence. In particular the issue of reciprocal auditors - the situation where 2 auditors with their own funds agreed to audit each other’s SMSFs, or where 2 partner firms have ‘Chinese walls’. In our opinion, this [...]

2017-10-31T05:48:24+00:00 August 15th, 2016|Categories: Audit News|Tags: , , , |Comments Off on ATO cracking down on ‘reciprocal audits’