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.
Con is the Director in charge of Pascoe Partners Accountants’ self-managed superannuation fund division and is the Director and Responsible Manager of the firm’s AFSL company Western Advisory. He has been a CPA for 20 years and has a Masters of Taxation from Curtin University. In addition he is a Tax Institute Chartered Tax Advisor and a SMSFA accredited Specialist Advisor and Auditor. Con also holds a Diploma of Financial Services (FP) and has been accredited by CPA Australia as a financial planning specialist and is an Affiliate of the Financial Planning Association of Australia. Con is a regular public speaker on superannuation issues for The Tax Institute and SMSF Association and a member of the Tax Institute Professional Development committee.
- Current at
30 August 2017