Part A Qualifications

In the final instalment of our series on Part A Qualifications, we take a step back to look at the big picture and deep dive into what really matters in practice. Risk Managing SMSFs Part A qualifications can be the difference between alerting SMSF trustees to issues within their funds or missing them altogether.   In the McGoldrick and Baumgartner cases, both auditors failed to notify the trustees of issues within their funds and did not communicate with them.   The Baumgart

In the first part of a series on Part A Qualifications, we take a practical approach to what they are, how the SMSF industry views them and the ATO's expectations. The SMSF industry struggles with understanding Part A qualifications. While SMSF auditors must issue them under their professional obligations, many accountants dislike having to explain them to their SMSF clients, and some financial advisers believe it is a criticism of their investment advice.   So, what is the r