Data feeds a ‘double-edged sword’ warns auditor

While automated data feeds have led to some substantial efficiency improvements with the processing of SMSFs, they are also causing some significant headaches for auditors and potentially compromising the accuracy of client data.

by Shared by SMSF Adviser | 30 Dec, 2016

SuperAuditors director Shelley Banton said there is a misconception by some in the SMSF industry that just because there are automated data feeds tracking the movements of the fund that auditors don’t need to verify this information is correct.

Read the full story at SMSF Adviser.