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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.

Read more at the Accountants Daily

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