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An audit firm believes superannuation annual returns are insufficient for assessing eligibility for three-year audits and called for additional reporting requirements should the measure go ahead.
In a submission on the three-year audit measure, Super Sphere director Belinda Aisbett said it would be imprudent for government to rely on the information reported in the superannuation annual return (SAR) to establish eligibility for the three-year audit measure.
Read the full article at SMSF Adviser.