This publication is designed to help auditors in auditing small entities specifically, which brings many unique challenges. Along with updated sample audit programs and templates, this manual contains extensive and practical explanation of many key areas that you are likely to come across in the audit of small entities. The content is organised into explanation and guidance on audit, review and compilations engagements; and specific sections applicable to engagements with:

  • a self-managed superannuation fund (including an overview of an SMSF, the audit plan, the financial report audit, the compliance audit and finalising the audit)
  • an association – incorporated or unincorporated (for example, a junior sporting association)
  • a company limited by guarantee
  • a real estate agent’s trust account
  • a member’s trust account
  • a solicitor’s trust account
  • grant acquittals and multi-scope engagements

Learning objectives


This publication is for those practitioners who audit small entities.

365 Days