Auditing

SMSF advisers say this change in particular will not lower the cost of audits for super fund trustees because it will not reduce the overall work involved in auditing a SMSF.

The risks of three-year SMSF audits


There is a greater onus on auditors because they are there to check the figures and protect the SMSF’s trustee and members from abuse.

Auditor responsible for SMSF’s losses, NSW Court of Appeal finds


As the ATO continues to refine its data analysis systems, tax audit protection is set to become increasingly useful.

So, you’ve been targeted by the ATO for a tax audit


Due to its inherently illegal nature, fraud is almost always hidden or disguised, making it very difficult to detect.

Should auditors be held liable if they miss fraud?


There are red flags that could point to problems with auditor independence

6 warning signs the ATO uses when monitoring SMSF auditors


Audit trends: When are auditors raising concerns? INFOGRAPHIC


The option to conduct a review instead of an audit, even if allowed under relevant legislation, depends on the entity’s constitution.

Review or audit? Help your clients understand the difference.


Transcript: Top themes on the auditing of small entities


INTHEBLACK

Podcast: Is data analytics transforming the audit?


Auditors need training and experience to recognise red flags that should trigger distrust and call for investigation.

Are you distrusting enough to be a great auditor?


Two-partner practices and multiple referrals are among the key threats to auditor independence.

6 more threats to auditor independence


INTHEBLACK

Using audit data analytics to gain greater insights


Auditors will need to challenge the adequacy of disclosures for 'close call' situations

What's next in audit reforms?


Cochlear CFO Neville Mitchell

Cochlear leads the way in new audit process


The revised standards will open up the machinery of audit to greater public scrutiny

IAASB aims to make auditor reports more transparent


INTHEBLACK

Enhanced auditor reporting


Actual independence is quite straightforward

The fundamental importance of auditor independence


Top 10 breaches: audit and non-audit engagements


One issue with auditing of super funds is that it typically occurs many months after a financial year has finished.

Real-time auditing of SMSFs


Keep an eye out for threats to independence that catch SMSF auditors out

6 key threats to auditor independence


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