Category Archives: SMSF Auditors

SMSF Auditor Independence

Auditor independence Approved self-managed super fund (SMSF) auditors must comply with independence requirements as part of their professional obligations under the: Superannuation Industry (Supervision) Act 1993 (SISA) Superannuation Industry (Supervision) Regulations 1994 (SISR). The independence requirements are set out in APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (2018) (the Code) produced by the Accounting Professional & […]

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Auditing an SMSF The trustees must appoint their SMSF auditor

Auditing an SMSF The trustees must appoint you as their SMSF auditor no later than 45 days before the annual return is due to be lodged and provide you with all relevant documentation to conduct and finalise the audit. If you request more information from the trustees, they must provide it to you within 14 […]

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Super Laws & SMSF Auditors

As an SMSF trustee you may need to deal with two key government agencies. These are: Australian Taxation Office (ATO) – administering the relevant super laws for SMSFs. Australian Securities & Investments Commission (ASIC) – regulating financial services to protect consumers and manages SMSF auditor registrations. We SMSF Auditors can Help call 03 9404 2737

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SMSF & Commercial Property-SMSF Auditor

Investing in commercial property Generally speaking, investing in commercial premises through an SMSF has some advantages over residential properties. The rules relating to holding residential property in an SMSF very clearly stipulate that the property can’t be rented or occupied by you or any other trustee. It also can’t be rented or occupied by any […]

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Buying Property-SMSF and Auditor

A Guide To Buying Property Through An SMSF Investing in property through a self-managed super fund (SMSF) has grown in popularity in recent years, particularly since it became possible for SMSFs to borrow money to fund a direct property purchase. This is an area where you really do need to make sure you know what […]

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SMSF

An SMSF audit only practice  based in Melbourne we have been performing the independent audit for our valued SMSF clients since 2013. Our team of highly skilled auditors perform a seamless, fully integrated audit with a particular focus on ‘user friendliness’. We work with our clients to ensure their expectations are met as it relates […]

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Self Managed Super Fund-Audits

Members of the professional accounting bodies are required to comply with the five fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. There may be circumstances which make it more difficult for accountants to comply with the principles because they create specific threats to compliance. The circumstances can be the […]

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SMSF Auditor

From 01.07.2021 Accounting Firms Preparing SMSF Financials cannot Do The SMSF Audits -APES 110 Thou shalt not do “in-house” audits – that is you cannot provide or manage, any of the financial advice, accounting or tax advice for a fund AND then audit that fund  …“Chinese walls” don’t cut it anymore! Thou shalt not do “in-network” […]

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SMSF Auditor-Melbourne

Borrowing and Limited Recourse Borrowing Arrangements SMSF, generally, are not allowed to borrow money. A limited recourse borrowing arrangement is an exception. Borrowing and Limited recourse are when an SMSF borrows money to buy an asset. Here, if the SMSF defaults on the loan, the right of the lender is limited to the recovery of […]

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SMSF Auditor-Property Purchase

While the SMSF can purchase a residential property from a non-related third party, it cannot purchase a residential property off a member or related person of the member. An SMSF can, however, purchase listed shares or business real property (commercial and industrial) off a member. Ask our SMSF Auditor Julius Mather 03 9404 2737

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