End of Financial Year 2021 Update
Release Overview - End of Financial Year update (2021)
The following updates have been released to SMSF Auditomation to ensure compliance with new rates, rules and regulations that come into effect on 1 July 2021
- Checklist updated for 2021
- Audit Report updated in line with revised format from the ATO
- Trustee Representation & Audit Engagement Letters amended for 2021 EOFY
- Work Test Observations updated for recent legislation changes passed. Now applied to those over age 67
Related Articles
Audit Job Created for the Wrong Year
Introduction Once an Audit Job has been created, it's important to note that the Financial Year and Job Type cannot be changed. If, for any reason, an audit job has been created for the wrong financial year, the best course of action is to create a ...
SMSF Auditomation Portal New Version Release - Enhanced Features
Introduction We're thrilled to introduce the latest UI release of the SMSF Auditomation Portal, packed with incredible enhancements that will redefine your experience. Get ready to explore the future of auditing with these exciting features: Enhanced ...
Prior Year Summary
Introduction A new feature has been added to view prior year Reports, Queries, Financials, etc. all at one glance as a Summary at the level. Earlier, it was required to go to each job page and check the previous year's details. This newly added ...
Audit Job Queue
Introduction When a job is created, initially it will be listed under Audit Job Queue. Till this stage the license is not consumed, once the job is processed from here, the license will be utilized. To know if the license has been utilized or not, ...
Understanding Job Stage Synchronisation between Sorted and Auditomation
Introduction Sorted and Auditomation are integrated and designed to streamline SMSF accounting and auditing processes. This integration allows users to track the status of a job created for a financial year (FY) across both platforms. This article ...