@Dudley said:
One concerns the approval of the financial statement and if consideration be given to the appointment of an auditor – how important is this?
Many thanks,
We never have an audit (we were told it would cost $1,000 (10 lots)) and everything seems pretty obvious from the EOFY statement.
If we did have an audit I would press for an auditor of our choice because if the SM is doing something illegal using the SM auditor would most probably not uncover it. If you have a good SM they won’t be doing anything illegal so an audit is pointless.