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2020 audits to focus on investment strategy

SMSF auditors are expected to focus more clearly on specific details and evidence around a fund’s investment strategy in the coming year as the industry continues to feel the ripple effects from the ATO’s diversification letter campaign of 2019.

2020 audits to focus on investment strategy
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  • Shared by Accountants Daily
  • January 08, 2020
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SuperConcepts general manager of technical services and education Peter Burgess told sister title SMSF Adviser that SMSF trustees could expect a “more conservative approach” from their auditors this year, meaning it was likely further evidence and documentation could be requested during their fund’s annual audit process.

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