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Showing 181 - 190 of 1355 results for "Audit"

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... in place and was reliant on CARs self-reporting issues of non-compliance. It also had no formal or documented review or audit processes to assess whether CARs were compliant. It also admitted that it conducted no discernible due diligence on CARs and ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... in-house audits. The Australian Taxation Office (ATO) referred 15 SMSF auditors to ASIC following a review of files from audit firms. ASIC said it had concerns that the financial statements for SMSF clients were prepared by the same firm that also conducted ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... management expense ration as a result of the removal of duplication of expenses such as ASX listing fees, share registry fees, audit fees, compliance costs, and other public listed company costs, as well as a larger pool of assets across which to spread ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
ASIC is pushing for Prospero Markets to be wound up following revelations that it was linked to one of Australia's biggest-ever money-laundering operations. Former officers and responsible managers of over-the-counter (OTC) derivatives issuer Prospero ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
ASIC is putting the pressure on financial advisers to provide appropriate SMSF advice using "professional judgment", as the regulator flags serious instances of misconduct it wants to curb. At the annual SMSF Association National Conference, ASIC senior ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
A duo who allegedly defrauded self-managed super funds (SMSF) have been charged by the Melbourne Magistrates Court with a string of criminal offences. The charges follow an ASIC investigation into the activities of Joseph Cullia and Zoran Markovic ...

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... number ambivalent when it comes to feeling their super fund has empowered them for retirement. A corresponding APRA/ASIC audit on implementation of the retirement income covenant underscores the member understanding and data gap that stands in the way ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... it's not just strictly a legal view or an accounting view. We've tried in most of the sessions to incorporate an audit perspective because we recognise that our industry is what it is because of the collaborative efforts of everybody," she said. ...

UniSuper appoints chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... Martin has been with Cbus since 2013, holding a range of risk management roles. Prior, he spent eight years at KPMG in its audit function, working with super funds as they prepared for the MySuper regime. UniSuper chief executive Peter Chun said he is ...