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What Are the Four Stages of an Internal Audit?

What Are the Four Stages of an Internal Audit?

Internal auditing improves business performance, adds value to essential business activities, and streamlines objectives by integrating a disciplined and systematic approach to analyse and boost the efficiency of control, risk management, and governance processes. The primary role of an internal audit is to provide independent assurance over an organisation’s internal controls and risk management framework. It also checks whether or…

Can the ATO see my Crypto account?

Can the ATO see my Crypto account?

You might want to keep your crypto earnings private, but if you think the ATO’s looking over your shoulder, the point may be moot. Is the ATO actually looking over your crypto trail as you make it? The short answer is yes. The ATO can very well track your crypto information through financial institutions, banks, and information from cryptocurrency exchanges.…

Younger Australians setting up SMSFs

Younger Australians setting up SMSFs

The Annual Benchmark Report by Class, an SMSF (self managed super fund) software firm has reported that there is an uptick in the number of younger Australians setting up SMSFs.  The 35-44 year old range is now the most popular group for setting up a fund, as key findings suggest that more funds are being set up and fewer closed,…