With the new audit independence standards in force since 1 July 2021, it is crucial that firms have appropriate arrangements in place to protect their business from independence risks.
Effectively, firms now have to choose between providing accounting and compliance services to SMSF clients, or conducting the audit. If in any doubt, you should engage a quality independent auditor that you can trust – that’s where we come in.
Banks Group Assurance Pty Ltd (BGA) currently handles SMSF audit assignments for several accounting firms across Australia.
Click here to find out the key benefits of using BGA to conduct your audits.
If you have any questions or would like to discuss arrangements to ensure you comply with the incoming independence standards, please don’t hesitate to get in contact with our experts:
Andrew Fisher | Partner
Jaco Vorster | Partner
Alex Young | Registered SMSF Auditor