This workshop will extend your knowledge and advance your skills in key areas of SMSFs. It complements and advances the knowledge gained in the SMSF financial statement and compliance audit workshop by providing the latest updates and developments, focusing on complex SMSF audit issues, by working through case studies, checklists and working papers.
Overview
This workshop will extend your knowledge and advance your skills in key areas of SMSFs. It complements and advances the knowledge gained in the SMSF financial statement and compliance audit workshop by providing the latest updates and developments, focusing on complex SMSF audit issues, by working through case studies, checklists and working papers.
You can attend this workshop even if you have not completed the SMSF financial statement and compliance audit workshop.
Key topics:
- Marketplace and legislative update: What has changed in the SMSF marketplace and how the changes impact your work.
- SMSF and Business Real Property: The key requirements to meet the business real property definition and how to apply them in real life. How does incidental use of the property effect the definition?
- Valuation issues: Requirements around specific asset classes and how recent changes effect the reporting requirements.
- Related party transactions and In House Assets: Investments in related companies and trusts, loans to related parties – what is really allowed and what do you really have to report?
You will receive:
- A comprehensive learning manual
- Presentation slides
- Ample networking opportunities with colleagues over morning and afternoon tea and lunch
Objectives
- Understand what has changed in the SMSF marketplace and how these changes will impact your work
- Understand the key requirements to meet the business real property definition and how to apply them
- Understand reporting obligations for related party transactions and in house assets
- Understand what will cause income of the SMSF to be “special income”
Audience
This workshop is suitable for SMSF Auditors and Public Practitioners and staff involved in SMSF processing.
This workshop contributes to the compulsory component within CPA Australia's competency requirements for SMSF Auditors which consists of 30 hours structured training every 3 years.
Please note enrolments close 3 working days prior to the workshop date to ensure any dietary and special requirements can be accommodated.
Looking for a customised learning solution for your organisation or team? Contact us today to discuss in-house learning options.
Classroom 8 Hours
100070984