Guide To Self-Managed Super Fund (SMSF) A self-managed super fund is a DIY private retirement fund that you manage personally. Members or trustees have control on how their retirement funds are invested. Overview of rules that govern SMSFs. SMSF are set up for the sole purpose of giving retirement benefits to its members, trustees or […]
Factors to Consider in SMSF Administration SMSF administration takes time and effort. If you decide to ask for help to do the work, you should be aware of the types of support that you can get in the market or SMSF administration service. There a many options to choose from and there are different pricing […]
Audit Explained An audit is an independent and systematic examination or checking of books, statutory records, accounts, vouchers and documents of an organisation to investigate how far the financial statements and non-financial disclosures are true and fair. It attempts to keep books of accounts properly maintained as required by law. Auditors should recognise the propositions […]
Does Your Business Need Financial Audit? When we are talking about a financial audit, we are referring to an audit of accounting records. Or an audit of accounting transactions for a company for a specific period of time and based on Generally Accepted Accounting Principles or GAAP. Does your business need a financial audit? The […]
Internal Audit Internal audit is an objective assurance, independent and a consultation activity made or designed to add value and improve an organisation’s operations. They help an organisation achieve its objectives. Internal audit brings a systematic and disciplined attempt in evaluating and improving the effectiveness of control, risk management and processes of governance. Internal audit […]