audit

People & Products

A former ASIC veteran who spent 25 years at the corporate regulator has been appointed to a senior chair role by the Albanese government....

Financial planning

Internal compliance costs surpassing $1m annually for licensees

Two-thirds of all licensees are paying over $1 million annually in internal compliance costs, including 13 per cent of those with less than 100 staff and representatives,...

Financial planning

The importance of pre-vetting SOAs

Licensees should ensure they pre-vet any advice given, according to Fourth Line, as it is no longer acceptable to conduct retrospective audits....

Policy & Regulation

Registration revoked for Halifax auditor

Former Halifax Investment Services lead auditor, Robert James Evett, has been found to not be a fit and proper person to remain registered as an auditor following his con...

Financial planning

Auditors fined for Halifax audit standards breach

EC Audit was fined $40,000 while Robert Evett was fined $10,000 for auditing standards breaches of Halifax Investment Services....

People & Products

Tool created to help accountants find SMSF auditors

Class has launched an online tool to help accounting practices to make the decision to work with an audit partner based on automation through technology integrations....

Policy & Regulation

Halifax auditors plead guilty to charges

The first auditors in Australia to face criminal prosecution for failing to comply with auditing standards have pled guilty to the three charges against them....

Policy & Regulation

Over 40 SMSF auditors reprimanded by ASIC

The Australian Securities and Investments Commission has cancelled or imposed restrictions on 42 SMSF auditors for failing to maintain their audit experience....

Policy & Regulation

Don’t rely on our audit inspection reports says ASIC

The audit industry has been delivered a reasonably favourable assessment by a key Parliamentary Committee because the Australian Securities and Investments Commission sai...

Financial planning

CA ANZ releases 15-point audit roadmap

Chartered Accountants Australia and New Zealand has proposed a 15-point plan to improve the confidence and quality of audits....

Policy & Regulation

ASIC/APRA/ATO need to be audited on value for money

The major financial services regulators need to be comprehensively audited to ensure they are actually delivering value for money in the work that they do reflecting the ...

Tools & guides

Preparing for an SMSF audit

SuperConcepts’ Graeme Colley explains why self-managed super funds are likely to come under more scrutiny following recent court decisions and how trustees and their clie...

Policy & Regulation

ATO SMSF auditor referrals to ASIC “steadily increasing”

The Australian Taxation Office has said that it’s already referred 37 SMSF auditors to the Australian Securities and Investments Commission since last June, as part of th...

Superannuation

Three-yearly audits won’t produce savings

Amid continued debate over the Government’s triennial auditing proposal for SMSFs, the SMSF Association has warned that the change would not produce significant cost savi...

Superannuation

IPA lambasts Government’s SMSF audit proposal

The Institute of Public Accountants says the Government’s proposal to change the annual audit requirement for SMSFs shows it neither understands nor respects the work car...