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An SMSF auditor is concerned that the outcome of a recent litigation case this year could see professional indemnity premiums for SMSF auditors increase, given the questions it has raised around liability.
In the recent court case Cam & Bear Pty Ltd v McGoldrick heard by the NSW Court of Appeal, an SMSF auditor was found to be responsible for losses incurred by an SMSF trustee.
Read the full article at SMSF Adviser.