(ATO‑aligned checklist, evidence hierarchy, and audit file tips) Valuation evidence for unlisted investments, challenges, and Audit Requirements for adequate, appropriate audit evidence. 1) Core law SMSF Auditor auditing against 2) ATO’s specific guidance for unlisted shares and units (what counts as evidence) Appropriate audit evidence to support the trustee’s market value for unlisted companies or […]

Considering the control and flexibility of a Self-Managed Super Fund, but find yourself hesitating when it comes to the costs? You’re not alone. The…

Guide to self-managed superannuation funds Setting up an SMSF When you set up an SMSF you become a trustee (or the director of a company that is a trustee). What it means to be a trustee A trustee is responsible for running the fund and acting in the best interests of the members. As a trustee […]

SMSF Auditor Registration On 23 June 2012 the Australian Government announced the details of the self managed superannuation funds (SMSF)  auditor registration requirements. From 31 January 2013, auditors of SMSFs will be able to apply for registration with the Australian Securities and Investments Commission (ASIC). All auditors must then be registered with ASIC by 1 July 2013 to […]