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Showing 41 - 50 of 130 results for %22SMSF auditor%22

ASIC zeroes in on SMSF auditors

HARRISON WORLEY  |  WEDNESDAY, 6 NOV 2019
... non-commutable life pension." New South Wales auditor Richard Hennessy is now required to have his audits reviewed by another SMSF auditor. He can no longer audit funds where there are independence threats "irrespective of the safeguards" after ASIC ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding 90% or more of their funds in one asset or a single ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others. The decisions follow concerns about SMSF auditors failing to meet requirements, including auditor independence standards, auditing standards ...

SMSFA recognises member achievements

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
The Self-Managed Super Fund Association recognised several distinguished participants in the SMSF community on the final day of its national conference. SuperConcepts' executive manager of SMSF technical services Mark Ellem picked up the SMSFA CEO Award ...

More SMSF auditors disqualified

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
On top of reporting statistics about its SMSF auditor action this week, ASIC has disqualified a further two auditors. John Gilliland and Douglas Coghlan, both from Queensland, have been disqualified for breaching independence requirements. ASIC found ...

ASIC keeps watch on SMSF auditors

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... having audits peer reviewed, with the results being reported to ASIC; additional training requirements; passing the SMSF auditor competency exam; strict timeframes for responding to the ATO or ASIC; and providing notice of registration conditions to ...

Government cuts SMSF red tape

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... have a history of good record keeping and compliance. Currently, SMSFs must be audited annually by an independent SMSF auditor who is registered with ASIC and audits documents prepared prior to submitting an SMSF annual return (SAR). The ATO generally ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... not the first time SMSF auditors have faced mass deregistering action from ASIC. Two years ago, ASIC cancelled 133 SMSF auditor registrations for similar reasons - failing to file their annual statements. SMSF auditors are required to file their annual ...

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
... to charge new fees for an application to vary or revoke the conditions or cancel the registration of an approved SMSF auditor. Minister for Revenue and Financial Services Kelly O'Dwyer said that under the new fees-for-service regime, fees for activities ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
... take action where the conduct of SMSF auditors is inadequate," he said. Last month, ASIC disqualified a Melbourne SMSF auditor who is currently serving a jail term for previous charges. Nayanaka Arjuna Samarakoon pleaded guilty to criminal offences that ...