- Technical Resource
- Audit
This paper was written by Naomi Kewley SSA™ SSAud™, Managing Director, Peak Super Audits
Part II of the Audit Essentials series on ‘Documenting the Audit’ focuses on hotspots for the Regulator.
Throughout the paper, Naomi extends her consideration of the audit file to a range of investments that present special risk for the fund (and hence also for the auditor) including:
- Collectibles and personal use assets
- Cryptocurrencies
- Derivatives
- Investment in unrelated, unlisted entities post Cam & Bear v McGoldrick.
At the time of publishing, the contents of this resource were accurate and correct.
Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association