653 paragraphs found
The ATO approved form auditor’s report is available at www.ato.gov.au/Forms/SMSF-independent-auditor-s-report/ . …
Recent case law Ryan Wealth Holdings Pty Ltd v Baumgartner [2018] NSWSC 1502; Cam & Bear Pty Ltd v McGoldrick [2018] NSWCA 110, indicates SMSF auditors have ‘significant ability to detect and prevent loss’ and ‘to protect the (audit) fund against …
An adverse opinion is expressed when the effect of the misstatement is so material and pervasive to the financial report that the auditor concludes that a qualification of the auditor’s report is not adequate to disclose the misleading or incomplete …
A disclaimer of opinion is expressed when the possible effect of an inability to obtain sufficient appropriate evidence is so material and pervasive that the auditor is unable to express an opinion on the financial report as a whole. In these …
An auditor’s report may include a other matter paragraph to highlight: information about the auditor’s responsibilities, the audit or the auditor’s report; that the financial report of the prior period was audited by a predecessor auditor, the type of …
Under ASA 260 , the auditor communicates matters of governance interest arising from the audit to the trustee on a timely basis, to enable the trustee to take appropriate action. Ordinarily, the auditor initially discusses with the trustee and/or …
See Ryan Wealth Holdings Pty Ltd v Baumgartner [2018] NSWSC 1502. A NSW supreme court appeal examined a significant loss within a SMSF due to material misstatement of the financial statements and found the fund’s auditor was liable for 80 per cent per …
The ATO approved form auditor’s report can be found on the ATO’s website: www.ato.gov.au/Forms/SMSF-independent-auditor-s-report . …
The ATO’s electronic superannuation audit tool (eSAT), may provide assistance and is available on the ATO website . …