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.
Current at 15 December 2012
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