Last year, the ATO began issuing SMSF auditors with a list of funds that have quoted their SMSF auditor number (SAN) in order to identify instances where their auditor number has been misused.Â
Read more at the Accountants Daily.Â
ATO monitoring new compliance item in SAN misuse mailout
The ATO has added a new checklist item in its mailout to SMSF auditors for SAN misuse which will help identify instances where trustees and tax agents have lodged returns before the completion of the audit report.
