SMSF financial statement and compliance audit 2018 - Workshop

The rules governing self-managed superannuation funds (SMSFs) have and will continue to change. As an auditor it is essential that you understand and implement the rules.

This practical workshop examines a case study where you are presented with an audit of a fund. You will learn how to plan the audit and determine exactly what, if anything has been breached from a financial and compliance perspective. Where breaches are detected you will determine how to resolve and report them to both the trustee and the ATO.

Key topics:

  • Understand the audit report SIS sections and regulations
  • Collectables rules and changes to trustee remuneration
  • Market valuation requirements
  • Pension issues clarified – TR2013/5 
  • Ensure your audit work papers meet the standards of both the ATO and CPA

You will receive:

  • A comprehensive learning manual
  • Presentation slides
  • Ample networking opportunities with colleagues over morning and afternoon tea and lunch

Learning objectives

  • Understand and apply the relevant auditing standards and super legislation in your audits
  • Know when you have to report a contravention to the regulator
  • Explain SMSF and related party transactions – know what to look for
  • Understand and implement a planning process prior to undertaking the audit

Audience

This workshop is suitable for SMSF Auditors and Public Practitioners and staff involved in SMSF processing.

This workshop fulfils the compulsory component within the CPA Australia competency requirements for SMSF Auditors which consists of 30 hours structured training every 3 years. 

Please note enrolments close 2 working days prior to the workshop date.

8 hours

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