Auditor requirement for share holdings

kerri armstrong

• 09 October 2024 02:42

Our auditor will not accept the Balance Review report for the shares held by the fund as support.  This adds a significant amount of time to each job as I have to log into each separate holding to download the balance letter or report at the year end.  Does anyone have anything from the ATO or information I can give him to show that he would not breach any rules by using the Balance Review report?  

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  Richard Freedman

  • 10 October 2024 04:04
  • Edited

  I presume this is a client with all investments under Issuer Sponsor Holdings so they all have a different Holder ID #.

  Ask him "What, short of downloading every balance letter from the registries, will you be happy with?"

  Our Auditor accepts the Balance Review Report providing we also provide the Holder IDs of each one for him to randomly check.  Which sure beat the alternative :-).

  edit:punctuation

   

   

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