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Online SMSF Auditing Software

 
 SMSF Auditing Software



Online SMSF auditing software allows SMSF auditors to access SMSFs online. It works in the same way as a desktop software solution. This will enable auditors to plan and execute audits according to Australian Auditing Standards. These standards include the Auditing Guidance Statement (GS009), Superannuation Industry Supervision Act 1993, Superannuation Industry Supervision Regulation 1994, and the ITAA 1936, 1997.


You get SMSF specialized experts who will advise you on flaws and changes in your SMSF so that you will take appropriate measures.


Online SMSF auditing software can eventually save time—the auditor's end, but the accountant's as well. The challenge lies in integration and setting up. There are many solutions, but they are not always directly integrated with the SMSF accounting software.

This is, however, changing quickly.


Manoj Abichandani, the brain behind onlinesmsfaudit.com.au, is an expert on online SMSF products. This episode will be a walkthrough of the Online SMSF Audit. However, the goal is to see how all this may change the way we collaborate.


Most people still email documents backwards or forwards to audit a fund. This is not an efficient way to go. The integration of accounting software and auditing software will make a big difference.

This episode is all about online SMSF auditing software. Manoj then looks at the bigger picture and examines the current setup of SMSF software. This episode will provide insight into the future of SMSF software.


Manoj may be onto something. The entire process of lodging, accounting, auditing and investing should all be integrated.


It shouldn't be us trying to integrate everything. It is not logical for anyone to attempt to put together all of the building blocks independently. This is not a good way to work. Most of us don't have the IT skills and time required to complete this task. It doesn't make sense for each person to hire an IT expert for a specific solution. Whoever can provide a complete solution, from setup to filing to investment management, is the future.

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