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 […]
Accounting for Your Super: Why Independent SMSF Audits Matter More Than Ever
On 30 September 2025, the Australian Securities and Investments Commission (ASIC) released a landmark report, Accounting for your super: ASIC’s review into the financial reporting and audit of super funds (REP 816). The findings were clear. While superannuation remains one of Australia’s greatest financial strengths, the quality of financial reporting and auditing across the sector […]
We Are Finalists in the SMSF Adviser Awards 2025
Sydney, Australia — October 2025 We are pleased to share that National Audits Group has been named a finalist for SMSF Audit Firm of the Yearat the 2025 SMSF Adviser Awards. This recognition is a testament to the efforts of our team and the trust placed in us by the industry. For us, it is […]
Individual vs Corporate Trustee SMSF: What’s the Best Structure?
When establishing a Self-Managed Superannuation Fund (SMSF), one of the first major decisions you’ll face is whether to appoint individual trustees or set up a corporate trustee. This choice affects how your SMSF is managed, the level of compliance required, and how easily it adapts to future changes. In this article, we’ll explore the key […]
Why Auditor Independence Matters – APES 110 Update Explained
Maintaining auditor independence is not just good practice, it’s essential to maintaining public trust in financial reporting. The updated APES 110 Code Prohibitions for Auditors (effective December 2024) strengthens this principle, clearly outlining what audit and review firms must not do to avoid conflicts of interest. Understanding the Framework At the heart of APES 110 […]
How Communication in Audit Teams Boosts Outcomes
In an audit engagement, communication is everything. Whether it’s between senior auditors and junior staff, between the audit team and the client, or across internal support teams, effective communication shapes the quality of outcomes. A technically skilled team can still fall short if communication breaks down. This article explores the importance of strong communication within […]
Why SMSF Auditors Require Annual Title Searches
Are auditors over-auditing by requesting a title search every year? Not at all. Understanding SMSF title search requirements is essential for ensuring compliance and protecting fund integrity. Title searches are not an optional extra, they are a mandatory part of the SMSF audit process. As outlined in ATO guidance QC 45566, auditors must verify asset […]
Auditor Rotation: Strengthening Independence and Trust in Financial Reporting
Trust is the backbone of effective financial reporting—and auditor rotation is a critical safeguard in preserving that trust and boosting confidence. Businesses rely on audits to demonstrate financial integrity and performance, whether to shareholders, regulators, customers, or staff. But audits only build confidence when they are perceived as genuinely independent. By regularly rotating auditors, […]
Key SMSF Updates for the 2025 Financial Year
The 2025 financial year introduced key updates in the self-managed superannuation fund (SMSF) sector, affecting contribution caps, taxation, benefit payments, and regulatory compliance. SMSF trustees and financial professionals must stay informed to manage funds effectively and remain compliant with changing regulations. 1. Contribution Caps Overview Concessional Contributions (CC) Cap From 1 July 2024: Cap increased […]
ASIC’s 2025 Crackdown on Audit Quality and Independence Issues
ASIC’s 2025 Crackdown on Audit Quality and Independence Issues ASIC (Australian Securities and Investments Commission) is stepping up its game in 2025 with a targeted crackdown on audit quality and independence issues across Australia. This new surveillance review, announced by ASIC Commissioner Kate O’Rourke, zeroes in on auditors’ compliance with independence and conflict of interest […]