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In an SMSF audit, both ethical conduct and technical compliance play a vital role. For this, trustees depend on the auditors, who not only have to stay compliant but also do a fair, transparent, and unbiased reporting. So, this is where the APES 110 Code of Ethics for Professional Accountants becomes the backbone of audit […]

What Counts as In-House Assets? In-house assets are one of the most commonly misunderstood areas of SMSF compliance. The ATO regularly reports that thousands of SMSFs breach the rules each year simply because trustees don’t fully understand what an in-house asset is or how the 5% limit works. An in-house asset is any investment your […]

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 […]