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The Rise of Crypto in SMSFs More SMSFs are investing in cryptocurrency than ever before. According to ATO data, over 70,000 SMSFs now hold crypto assets, and the number has increased sharply in the last five years. Trustees are exploring Bitcoin, Ethereum, and stablecoins to diversify their retirement portfolios.

In an SMSF audit, valuations play a critical role, ensuring the smooth operation of the entire audit process. Even after knowing its importance, it is often misunderstood or overlooked until audit time. By 30 June every year, trustees must report their SMSF assets, so auditors are required to verify them. It is to ensure that […]

The world is rapidly evolving with newer technologies, and so is the world of SMSF. The days of manual audits that include endless spreadsheets, manual entries, and stacks of paperwork have gone. Thanks to the innovations in SMSF audit technology and the growing use of SMSF audit APIs, which have helped significantly in making the […]

Why Strong Documentation Safeguards SMSF Audits In SMSF auditing, documentation plays a vital role and is considered more than just supporting paperwork. In simple terms, it can be seen as the first line of defense against independence threats, errors, and regulatory risks. APES 110, the Code of Ethics for Professional Accountants, places a strong emphasis […]

In the SMSF business, combining the right audit solution with effective SMSF administration yields a win-win situation for both the adviser and the fund owner. This still holds today. A smooth SMSF administration process combined with a strong, independent audit helps everyone involved.  But compliance rules have tightened, workloads have increased, and clients expect faster, […]