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Would you pass an ASIC Review?

In July, ASIC released its areas of focus for 30 June 2013 financial reports. Their areas of focus are based on the findings of the review they conducted at 31 December 2012. This target audience of this document includes directors, preparers of financial statements and auditors.

SMSF Auditor Registration

Don't forget that as of 1 July 2013, all SMSF auditors must be registered with ASIC before they can complete any SMSF audits.