SMSF Audit – Audit Standards

OVERVIEW 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 […]

SMSF Audit – Being an SMSF Auditor

OVERVIEW To ensure compliance with the rules, the Australian Taxation Office (ATO) as the regulator of SMSFs places reliance on the work of SMSF auditors. It is a legislative requirement […]

SMSF Audit – Conducting the audit – Part B (Investments)

OVERVIEW The SMSF auditor must form an opinion on the SMSF’s compliance with prescribed requirements of the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act) and Superannuation Industry (Supervision) Regulations […]

SMSF Audit – Conducting the Audit – Part A

OVERVIEW Under section 35B(1) of the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act), self-managed superannuation fund (SMSF) trustees are required to ensure that a statement of financial position and […]

SMSF Audit – Audit Reporting

OVERVIEW The final part of the audit process is to form an audit opinion and prepare the audit report. The results of the audit are then communicated. Reporting in connection […]