ATO to shut down ‘inexperienced’ SMSF auditors

The Australian Taxation Office has issued a warning that self-managed super fund auditors need to have performed audit work regularly to maintain the practical experience necessary to do their job properly. The ATO says it is writing to about 100…

Trustees advised to check their auditor is registered

SMSF trustees are being advised to check the bona fides of their fund auditors, following news that the Australian Securities and Investments Commission has cancelled the registration of 117 approved SMSF auditors. The auditors had not lodged their annual statements…