February 9, 2021 @ 5:30 am - January 2, 2025 @ 5:30 am$275
The module, Being an Auditor examined the compliance framework for the professional and statutory obligations that apply to auditors.
This module examines the framework that applies to the conduct of the audit, comprising of Audit and Assurance Engagement Standards, and how it applies to the audit of an SMSF.
SMSF auditors are required to comply with the relevant audit standards published by the Auditing and Assurance Standards Board (AUASB). The AUASB has published Guidance Statement GS 009 ‘Auditing self-managed superannuation funds’ to assist auditors in meeting their obligations and to comply with the relevant audit standards.
Other modules discuss in further detail the practical application of the relevant audit standards.
On completing this module, participants should be able to:
- explain the audit standards framework and apply to the audit of SMSFs.
- understand the structure of the audit standards, how they are understood, interpreted and applied.
- explain the professional standards and the requirements for the auditor to comply with the relevant auditing standards.
- explain the application of the relevant standards and framework as they apply to Part A and Part B of the SMSF approved auditor’s report.