Australian Taxation Office

Australian Taxation Office (ATO)

ATO: The Australian Taxation Office (ATO) is an Australian statutory agency and the Australian Government’s main revenue-raising body. The ATO is responsible for managing the Australian Federal Tax System, pension laws and other related matters. ATO are within the portfolio of the Treasurer of Australia and the Treasury. As the Australian government’s principal revenue collection […]

SMSF auditor obligations

SMSF auditor obligations

what is SMSF auditor obligations? If we want to talk about smsf auditor obligations we should say that as an SMSF auditor, it’s your role to carry out the annual financial and compliance audit of an SMSF’s operations and to provide the Self-managed superannuation fund independent auditor’s report (NAT 11466) approved form to trustees within […]

smsf association in Australia

SMSF association in Australia

what is the SMSF association in Australia? The SMSF Association in Australia is the independent body representing Australia’s self-managed super fund sector.  With over 1.1 million Australians now self-managing their super, the SMSF Association’s vision is to enable Australians to take greater control of their own destiny through a sustainable SMSF community. We can give […]

Chief Financial Officer

Chief Financial Officer

Chief Financial Officer(CFO) People outside the business world often confuse CFO (Chief Financial Officer) roles with CEOs . The Chief Financial Officer (CEO) and the CFO take on different but equally important responsibilities in an organization. CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the operations and financial strategy […]

Federal Accounting Standards Advisory Board

Federal Accounting Standards Advisory Board

The Federal Accounting Standards Advisory Board (FASAB) is a US federal advisory committee whose  mission is to improve federal financial reporting through issuing federal financial accounting standards  and providing guidance on the needs of foreign and domestic users of federal financial information. FASAB is designated as the body that sets the United States generally Accepted […]

financial advisory accounting services

financial advisory accounting services

financial advisory accounting services FAAS or financial advisory accounting services teams support you in determining, monitoring and disclosing financial and nonfinancial insights for your stakeholders. FAAS addresses the CFO’s (Chief Financial Officer) agenda and provides CFOs, controllers, treasurers and audit committees with insight and services to support compliance with evolving financial requirements and help provide […]

Audit & Accounting

Audit and Accounting Definition

Audit and accounting definition in plain English means a company’s financial records that have been officially examined to check that they are accurate. The term auditing usually refers to financial statements audit. A financial audit is evaluation and an objective examination of the financial statements of an organization to ensure that the financial records are […]

Self-managed super funds (SMSF)

Self-managed super funds (SMSF)

Self-managed super funds (SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees.  This means the members of the SMSF run it for their benefit and are responsible for complying with the super and […]

SMSF

COVID-19 Early Release in SMSF

As many of you are aware by now, COVID-19 has turned the world on it’s head and thrown the Global Economy into a deep recession and has changed the lives of millions of people around the World. A self-managed super fund (SMSF) is a private super fund that you manage yourself.SMSFs are different to industry […]

Crypto Audit services in Australia

Crypto Audit services in Australia

In this article, we are going to take a look at how Crypto Audit services in Australia work. Are there any specific regulations? Are the rules for these services the same in all cities of Australia? What is a Cryptocurrency? A cryptocurrency is a digital or virtual currency made to work as a medium of […]