ATO SMSF Auditor Outcomes 2022/2023
ATO QC73189 regarding SMSF Auditor Outcomes for the 2022-2023 Financial Year.
Key points?
41 auditors referred to ASIC from ATO
421 Auditors acted against by ASIC in 2022-2023
Key reasons:
*Failure to lodge annual statements
*In house audits
*Inadequate evidence (especially market value)
*Inadequate audit files and documentation
*Failure to gather evidence for compliance of LRBAs
I am and will always:
*Be independent
*Ask for objective, verifiable supporting evidence for Market Value
*Obtain a title search (per QC73156) and ensure no charge exists over a fund asset
*Gather evidence and compile a complete audit file
*Keep up with my CPE requirements and stay registered
If you need an extra auditor that stays up to date, adheres closely to the ATO’s requirements and is reasonably priced, please get into contact with me.
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