This course is designed to help you understand the requirements in respect of the audit of self-managed superannuation funds (SMSFs). You will be provided with technical information and follow a case study that highlights the key audit issues faced by SMSF auditors in their day-to-day practice.

Key topics:

  • The legislative framework that SMSF auditors must comply with
  • The responsibilities of auditors of SMSFs
  • How to apply the Auditing and Assurance Standards apply
  • The documentation, reporting requirements and expectations of the regulator of SMSFs (the Australian Taxation Office (ATO)) as well as the regulator of SMSF auditors (the Australian Securities and Investment Commission (ASIC))
  • Applicable Audit and Professional Standards
  • Audit planning and engagement
  • Risk assessment and response
  • Executing the audit
  • Contributions and rollovers
  • Benefit payments
  • Reporting requirements and penalties

This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

Learning objectives

  • Explain the regulator and professional body requirements for an SMSF auditor
  • Discuss and apply the relevant Professional and Ethical Standards and Auditing Standards relevant to SMSF auditsĀ 
  • Discuss and apply the superannuation legislation and regulations relevant to SMSF audits
  • Define what is required for a superfund to be an SMSF
  • Apply the key steps and considerations in planning and executing an SMSF audit
  • Apply the reporting requirements in relation to an SMSF audit
  • Identify the requirements of an effective audit file and document retention requirements


This learning manual is designed for:

  • SMSF auditors
  • public practitioners

This learning manual fulfils the compulsory component within the SMSF Auditor competency requirements.

365 Days