Big Audit Firms Vs. Independent Specialist Audit Firms: Why The Difference Matters More Than Ever
For many businesses, selecting an audit provider has traditionally been influenced by one major factor: brand recognition. Large audit firms dominate the market. Their names are widely known, their networks are extensive, and their scale often creates an immediate perception of capability and security. For some organisations, particularly large listed entities or multinational groups, that […]
Preparing Clients For Audit
Isn’t it true that with the right preparation and tools, an audit can be smooth, insightful and even strengthen your organisation, rather than being stressful? In today’s fast-changing regulatory environment, audit readiness isn’t just a once-a-year rush; it’s an ongoing practice. For firms aiming to deliver greater value to clients, proactive preparation makes all the […]
Future Proofing Your Practice
In the world of financial services, particularly audit and assurance, succession planning is more than a leadership handover; it is a strategic safeguard. Firms that prepare early for leadership transitions not only protect client relationships and operational continuity but also strengthen their culture, attract top talent and position themselves for long-term success. Here are five […]
Flexibility Of SMSF Rules & Regulations
Generally, borrowing money or maintaining an existing borrowing is prohibited in SMSFs to ensure compliance with the sole purpose test, providing retirement benefits to members or paying death benefits if a member dies before retirement. However, there are limited exceptions to this rule. This article outlines the flexibility provided to trustees, focusing on Section 67 […]
2026 SMSF ATO Audit Review
A Review That Validates Our Excellence The recent ATO review of our SMSF audit services was not only a rigorous test of our systems, but it was also a powerful affirmation of our commitment to quality, governance and continuous improvement. We approached the review with transparency and preparation, and the outcome confirmed that our processes […]
Inside The NDIS Internal Audit: Your Guide To Mandatory Registration 2026
An NDIS internal audit is more than just a regulatory requirement. It is a safeguard for participants and a benchmark for quality, governance and organisational maturity. Through structured reviews of systems, documentation and service delivery, internal audits help providers identify weaknesses before they escalate into compliance breaches or participant harm. In an environment of intensifying […]
SMSF Borrowing Rules: Flexibility and Exceptions for Trustees
Under Australia’s SMSF borrowing rules, trustees are generally prohibited from borrowing money or maintaining an existing borrowing. This restriction exists to ensure compliance with the sole purpose test, which requires self‑managed superannuation funds (SMSFs) to be maintained solely for providing retirement benefits to members or death benefits where a member dies before retirement. However, the […]
Australia’s Auditor Shortage: Why This Is Now a Real Economic Issue
There’s a lot of talk at the moment about Australia’s auditor shortage. From the outside, it can sound like an internal profession problem or a pipeline issue for accounting firms to solve. It’s not. This shortage is now starting to bite in places that matter: regulation, market confidence, public policy and the government’s ability to […]
ATO SMSF Auditor Review: What the ATO Checked and How We Achieved a Strong Result
A Review That Validates Audit Quality and Governance Our recent ATO SMSF auditor review was both a rigorous assessment of our audit practice and a strong validation of how we operate. We approached the review with transparency, confidence in our systems, and a clear understanding of regulatory expectations. The outcome confirmed that our SMSF audit […]
Partner with an Award‑Winning SMSF Audit Firm
We’re delighted to share that National Audits Group has been named SMSF Audit Firm of the Year and awarded the Excellence Award (Company) at the 2025 SMSF Adviser Awards. These honours recognise the things we care about most: independence, quality, and genuine partnerships with the accounting firms we support across Australia. They also reflect the […]