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The ATO is investigating more than a hundred SMSFs this financial year for reportedly using an SMSF auditor number without the authority of the auditor.
In an online update, the ATO has warned SMSF trustees on the importance of ensuring they include the correct registered SMSF auditor number on the SMSF annual return and only lodging the annual return after the audit is completed.
Read the full article at Accountants Daily.