Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

SMSF
acc new lead image
Common lessons for SMSF professionals in succession case A succession case involving a series of wills and codicils and a complex restructuring of family investments provides some simple but important lessons on witnessing docu...
Dual purpose corporate trustees placing SMSF assets at risk With COVID-19 heightening the risk of bankruptcy and insolvency, SMSF professionals should be encouraging clients to move to sole purpose corporate trustees to help prote...
acc image
ATO issues updated auditor independence guidance The ATO has released new guidance on the APESB Independence Guide which further clarifies what firms need to do to overcome independence hurdles and its compliance approa...
acc image
Audit pools may ‘ultimately fail’, audit firms warned While the ATO has stated that it may be possible to address the independence threats arising from an audit pool arrangement, this does not account for some of the practic...
acc image
New super measures announced to tackle fund underperformance While SMSFs have largely been spared in this year’s budget, the government has announced a raft of reforms to tackle superannuation fund underperformance and multiple a...
into image
Professional indemnity risks flagged with delaying new independence standards While the ATO will not commence its compliance activities regarding the updated auditor independence guidance until 1 July next year, it has warned there may be other imp...
into image
ATO provides clarity on offshoring and independence standards The ATO has provided its views on the outsourcing of accounting and auditing services to offshore providers in relation to meeting the updated auditor independence standa...
into image
ATO flags potential issues with audit pooling arrangements The ATO is advising in-house audit firms to try and avoid entering pooled audit arrangements with other firms in order to meet the auditor independence guidance as there ...
into image
6-member SMSFs to reduce compliance costs, says IGTO Increasing the number of members in an SMSF to six may help simplify tax administration and reduce costs for both the ATO and SMSF members, says the Inspector-General of ...
into image
Independence standards to impact 54% of SMSF accountants, survey shows The proportion of SMSF accountants to be impacted by the new auditor independence standards could be higher than originally estimated, with a recent industry survey indic...
into image