Category Archives: Financial Services

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Financial Services

Services Of SMSF Auditors

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Before knowing too much about services of SMSF auditors, it is advisable to take a look on audit mechanism. People sometimes ask what is audit or why large scale and medium size auditing companies Australia. Audit and assurance services is basically a mechanism of forming opinion on company’s financial statements. Primarily, elements of financial statements are balance sheet, profit and loss account, cash flow statement, statement of changes in equity and related notes of the financial statements. Auditors form opinion on these financial statements as either they present true or fair view or not. As far as Self-managed superannuation fund is concerned, it is pertinent to consider that SMSF is a kind of fund which is constituted for employees of a company. Just like golden handshake payments or silver jubilee payments, it is retirement benefit plan and at its maturity, employees would be entitled to receive a huge amount for their future. Almost in every state, it is a compulsion for every company to constitute this fund so that rights of employees can be safeguarded. As this formulation of this fund is very important, it is equitably paramount to appoint external auditors. Not merely on account of legal requirement, it cannot be denied that auditors of SMSF can also assist in various areas and due to which, overall management and functionality of a fund would be improved. Some important reasons mentioned below should be cogitated here:

Assurance of accurate accounting data

Fund is a separate legal entity. Most of the cases, management of this fund is also governed by different personnel than management of a company. It means that it might be possible that the draft financial statements might be misstated on account of error or fraud. But if one engages competent external auditors of a recognised firm, note that these qualified professionals always streamline your accounting system and records. Due to it, trustees of this fund can obtain those financial statements which are based on International Accounting Standards and they give true and fair view.

Highlighting of deficiencies

One of the important content of an audit report is ‘reporting on deficiencies in internal control of an entity’. Likewise, if there would be any grey or risky area, there is no need to be worried because SMSF auditors would always report and highlight those deficiencies and also they recommend possible remedies. In this way, overall performance of a business would be improved.

Therefore, it would not be wrong to argue that hiring of SMSF audit services are a very blissful decision for SMSF because such a decision is lot more than coping with legal requirement. Remember that as far as legal and financial services are concerned, one should always have to take care about the independence, objectivity and skillset of auditors.

Financial Services

Why Do We Need A Process Server?

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A huge amount of collection agencies and legal businesses around the country and the world employ the services of an actual server. Process servers will come to play in a lot of things. For an example, serving of legal documents, filing documents, skip tracing, lawsuit research and plenty other more. However, before law enforcement agencies used to perform some of the activities which are listed above. However, the burden was way too much for law enforcement workers, hence, Process Serving became an actual profession for most of the people and now its been known worldwide. In this particular article, you will get to know on the 5 benefits of hiring a process server as opposed instead of doing it yourself. You will basically get to know who a process server is what kind of service they offer as well.

Who is a process server?

When it comes for serving court documents a process server can come into play. Since they are an individual who are mainly responsible for serving proper legal documents, mostly for someone who is involved in a court case. These legal documents can be either divorce papers, restraining orders or even others. However, there are two main ways these legally done documents are often served. One, by personal service which means the court documents must be served by a person and other is the ordinary service which means that the documents should be either e-mailed or fax.

What are the responsibilities?

When it comes for these process servers, they basically have a very small and simple role to play. Apart from collection agency Melbourne they are basically responsible to serve legal documents to the defendants and anyone who’s schedule for court proceeding. Sometimes process serving might seem to be easy but it isn’t. Since it takes quite a different skill set. And it also needs different kind of resources to properly and effectively do the job.Most of these process servers should distribute these legal papers to the defendants in a proper and appropriate way. Since these rules for the process can differ from place to place. Most of the court representatives, lawyers mostly hire process servers. However, there process servers also need to provide accurate or noticeable proof of service of the actual legal document to the individual or the company that needs the proper legal documents.