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READ MOREATO reveals more details of SMSF audit failings
The ATO has released further detail around the results of its investigation project into the top 100 auditors in the SMSF sector, revealing that loan documentation and valuations of more unusual fund assets were some of the key compliance aspects tripping auditors up.
The regulator had audited 51 of the top 100 auditors in the sector at the end of the 2019 financial year, 36 of which the ATO said required further education.
Read more at the Accountants Daily.
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