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’Significant upswing’ in licensing activity as changes loom

’Significant upswing’ in licensing activity as changes loom

by Shared by SMSF Adviser | Jul 11, 2018 | News

To qualify for the transitional arrangements under guidance set by the Financial Adviser Standards and Ethics Authority (FASEA), accountants must be authorised under an AFSL by January next year.Read the full article at SMSF Adviser.
Property value risks flagged with audit measure eligibility

Property value risks flagged with audit measure eligibility

by Shared by SMSF Adviser | Jul 10, 2018 | News

Last week, Treasury released a consultation paper on the proposed three-year audit cycle which provided further detail on the eligibility criteria and transitional arrangements.Read the full article at SMSF Adviser.
New details of three-year audits slammed as ‘naïve and messy’

New details of three-year audits slammed as ‘naïve and messy’

by Shared by SMSF Adviser | Jul 9, 2018 | News

On Friday, Treasury released a discussion paper on the three-year audit cycle measure for SMSFs which made proposals around the eligibility and transitional arrangements for the audit industry.Read the full article at SMSF Adviser.
Accounting degrees’ recognition cut in new lobby to government

Accounting degrees’ recognition cut in new lobby to government

by Shared by SMSF Adviser | Jul 6, 2018 | News

In a submission to FASEA, the Financial Planning Association of Australia (FPA) is proposing one category of recognition for existing financial advisers who hold a degree which is not in financial planning and advice.Read the full article at SMSF Adviser.
ASIC assessment shake-up tipped to impact SMSF accountants

ASIC assessment shake-up tipped to impact SMSF accountants

by Shared by SMSF Adviser | Jul 5, 2018 | News

Speaking to SMSF Adviser, The Fold Legal head of licensing Sónia Cruz said ASIC are now looking more broadly at the whole process for the assessing responsible managers and whether it’s still suitable.Read the full article at SMSF Adviser.
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