Posts

Showing posts from November, 2021

What Are The Key Responsibilities Of A Professional And Skilled SMSF Auditor?

Image
  Who is the SMSF auditor?   SMSF  (self-managed super fund) auditor is the person who carry out the annual financial and compliance audit of an SMSF's operations and provide the Self-managed superannuation fund independent auditor's report approved form to trustees within 28 days of receiving all relevant documentation.   What do you mean by auditing SMSF?   Auditing SMSF means to carry out the annual financial and compliance audit of SMSF's operations.    Approved   SMSF auditors  have a critical role in helping to maintain the health and integrity of the SMSF sector through the annual audit of each SMSF.   There are different aspects of auditing that come under the role of an SMSF auditor, let’s talk about them in detail.   1.  Financial audit   Things to be undertaken by the auditor under financial auditing.   1.  Preparing and auditing the audit plan in writing, which details the approach to be undertaken.   2. Identify the nature, timing and extent

5 Key Traits To Look For When You Hire A Professional Accountant For Your Business

Image
  “Behind every successful businessman, there is a genius accountant.”   A right accountant will treat your annual financial files like sacred books that he will swear by. This means that he will be completely honest and determined to his work of managing your finances in a way that by the end of the year your company will harvest huge profits.   To understand what you need to look for in an accountant, first understand who is an accountant .   Who is called an accountant?   The term accountant refers to a professional who performs accounting functions such as account analysis, auditing, and financial statement analysis. Accountants work with accounting firms or an individual.   An accountant has the potential to break and make your business, depending on how skilled he is. He can save you from the hustle and bustle of the financial world. Moreover, he will be taking the complete charge of your taxation, which otherwise can be quite daunting for you.   Let’s discuss the tra