2020 National Superannuation Webinar Series - An update from the regulator on practical issues within SMSF & Audit and record keeping

Published on 27 May 2020 | Took place at Online, National

This session is in two parts. Session one outline the ATO’s current program of work and key risk focus areas and discuss how the Royal Commission has informed the ATO’s approach as the SMSF regulator over the past 12 months and into the future. The session also provided an update of the number of proactive communication strategies and projects currently in the pipeline to better inform and assist SMSF trustees.

The outcome of the Baumgartner and McGoldrick cases have changed the course of SMSF audit. The second part of this session, examined these new focus areas and the fundamental shift in the questions SMSF auditors are asking.