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Showing 21 - 30 of 74 results for "SMSF auditor"

ASIC puts SMSF auditors on notice

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
... regulator requires both Krammer and Wong to undertake additional SMSF audit and ethics training, sit and pass the SMSF auditor competency exam and advise their professional bodies of the additional conditions. Krammer will also have to certify his independence ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... reviews as well as educational and exam requirements. This includes a number of audits reviewed by an independent SMSF auditor to ensure compliance with standards, as well as having to complete courses of study in audit and fund compliance under the ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... Practitioners Board has found 74 tax practitioners to be engaging in "concerning behaviour", including using fraudulent SMSF Auditor Numbers (SANs). In 2019, the ATO started a compliance campaign that involved reviewing SMSF annual returns. It found ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
... in ethics and audit, review tools and templates to ensure they are up-to-date and complete". He must also pass a SMSF auditor competency exam and is restricted from conducting audits on independence threat situations, regardless of any safeguards.

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... non-lodgement of tax returns by SMSFs, the top 100 SMSFs and tax planning, the top 100 auditors, high risk auditors and SMSF Auditor Number misuse. Non-lodgement among SMSFs, she explained, was an issue because it is correlated to illegal early release ...

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... and ATO director Kellie Grant chaired a discussion at the conference. The ATO ramped up its efforts to discourage SMSF Auditor Number (SAN) misuse since 2017, when it started sending each SMSF auditor a list of funds claiming to be audited by their SAN. ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... and otherwise not being a fit and proper person." Philip Shugg from Victoria has been disqualified from being an SMSF auditor for "not being a fit and proper person" noting that he was bankrupt. Greg Marlow from the Northern Territory have been suspended ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
A Sydney-based financial adviser has been permanently banned for allegedly transferring client SMSF funds to the trust account of a business she controlled. ASIC has permanently banned Sydney adviser Tram Tran, after it found the funds of her clients ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... additional regulatory outcomes; we cancelled 342 AFS licences and suspended 11 AFS licences." ASIC also finalised 92 SMSF auditor applications - of which, 62 were received during the year and 30 were yet to be finalised from last year. About 61 of those ...

Planners heed SMSF risk warning

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
Are you effectively communicating the importance of diversification to your SMSF clients? Delegates have been warned how to avoid triggering the ATOs radar. Aaron Dunn, who is the chief executive of Smarter SMSF, has provided an update on SMSF regulation ...