Are you aware that the ATO is committed to an ongoing audit compliance program on Self managed superannuation funds (SMSF) who have not engaged an independent auditor?
If you are currently auditing and preparing your client’s superfund financial statements, it is only a matter of time before you will need to explain to your SMSF clients why they have been targeted for an ATO audit. Additionally, the Institute of Chartered Accountants and the Certified Practicing Accountants requires accountants to be independent as stated in their professional code of conduct and audit guidance notes.
The BCS Solution
If you are finding it all too hard, why not consider outsourcing your clients SMSF audits to BCS. We are the superfund audit specialists.
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