ATO Audit of SMSF’s

ATO Audit of SMSF’s

In the context of quality and compliance, the ATO has noted that they will be looking specifically at asset valuations. This will be a critical area this year considering the changes made to superannuation law.  The ATO has recommended the use of a qualified valuer for material assets or when the nature of the asset makes valuation complex or difficult .
For futher information on the ATO’s website, click here.