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How to make your fund’s audit go smoothly paper

Published on 15 Oct 09 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

It is a requirement that SMSFs are audited each year. This process can hit roadblocks where there is a divergence between the accountant's role in preparing the financial statements and tax return and the auditor's responsibilities. To assist SMSF advisers in making this process as smooth as possible this paper outlines:

  • the most common problems that auditors identify and seek clarification for, and how they can be resolved quickly
  • information that will assist auditor efficiency
  • new considerations under GS009.

Author profile:

Con GOTSIS
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This was presented at Superannuation - Issues and Strategies in the Current Environment .

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