An outline of the key SMSF audit issues at the moment and the impact of the latest COVID outbreak on audits.
Aquila Super partner Chris Levy discusses the impact of the latest COVID outbreak on audit processes and delves into some lingering SMSF audit issues.
With the latest COVID outbreak seeing greater numbers of staff infected and clients unable to respond to queries or obtain information, Chris explains some of the challenges this is creating for SMSF audit processes.
He also delves into some ongoing problem areas such as valuations, particularly those for non-standard types of investments, including private entities.
He also provides insights into what SMSF professionals need to focus on in the lead up to the end of the financial year.