Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 63 results for "SMSF auditors"

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... auditors have been reprimanded for performing 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 ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... potential misconduct and taking action where we see inappropriate financial advice," she said. ASIC co-regulates SMSF auditors with the ATO. There are currently 4341 registered SMSF auditors. As a result of referrals from the ATO's compliance program ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... prosecuted by the Commonwealth Director of Public Prosecutions. Separately, the corporate watchdog acted against nine SMSF auditors in the last quarter of 2023. The actions included disqualification of five auditors - Stephen Bray, Kerpal Harnam, Terence ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... retirement goals." For the first time, the conference is offering more audit CPD hours. "We recognise the importance of SMSF auditors. This year, in particular, we ran an inaugural listenership day where we had a one-day virtual event just for auditors. ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... money back. Michael Chapman, a director at Melbourne-based law firm Mackay Chapman, told Financial Standard that SMSF auditors failed in their duties, and if they had not failed in those duties, his clients would not have suffered any loss. "Our role ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... activities. Twenty-four victims, together with the help of Melbourne-based law firm Mackay Chapman, are suing the SMSF auditors who allegedly failed to pick up that the assets Caddick invested never existed when reviewing the annual financial reports. ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
ASIC has acted against 11 SMSF auditors for conduct shortcomings and violating obligations in the quarter ending September 30. The corporate regulator's action was spurred by the auditors' failures in meeting assurance standards, independence requirements ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... superannuation fund (SMSF) auditors for breaches of their obligations. Specifically, the regulator has disqualified five SMSF auditors and imposed additional conditions on three SMSF auditors for failing to satisfy fit-and-proper person requirements ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... breaches of independence requirements and auditing standards. Between June 29 to September 30, ASIC disqualified three SMSF auditors from being registered, imposed additional conditions on the registration of one SMSF auditor, and cancelled the registration ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... said. "The TPB decisions follow referral of intelligence from ATO compliance activity where we have worked with SMSF auditors to identify where their auditor numbers are being deliberately misused." TPB chair Ian Klug said the decision reiterates the ...
PAGE:
1
PREVIOUS
NEXT