3 year SMSF audit

Articles about the Government’s proposal for some SMSFs to have three-yearly audits instead of annual audits. The measure was announced in the 2018/19 Budget, and has been criticised by professional bodies.

Three-yearly SMSF audits not worth the cost or risks: professional bodies

Professional bodies have roundly criticised the Government’s proposal for some SMSFs to only be audited every three years. The Government announced in the 2018/19 Budget its proposal for three-yearly SMSF audits. It was initially unclear, but later set out, that each year would have to be audited, though not annually… Read More »Three-yearly SMSF audits not worth the cost or risks: professional bodies