In-house SMSF audit services ‘not worth the risk’, says law firm
While SMSF firms may be reluctant to drop SMSF audit services in response to the APESB guidance, it may be an advantage in the long run, with audit services representing a high liability risk for little reward, says a law firm.
Recently, there were changes made to the APES 110 Code of Ethics which address the issue of SMSF auditor independence.
Read more at SMSF Adviser.
