Auditor Litigation Risks: Case Studies and Audit File Lessons

National Conference 2025

This session explores the litigation risks faced by SMSF auditors, using real-life case studies and lessons from audit files. Attendees gained practical insights into common legal pitfalls, compliance failures, and how to mitigate risks in their own practices. Belinda draws on her vast knowledge, sharing with attendees her client experiences to help auditors safeguard against costly litigation and maintain high standards of compliance.

By watching this session, you will be able to:

  • Learn to focus your audit efforts on high-risk areas to minimize exposure and ensure compliance.
  • Analyse litigation outcomes to develop effective strategies and processes that protect auditors from potential legal risks.
  • Identify key litigation risks and implement audit file documentation practices that safeguard you in the event of disputes.
 

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. 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 paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association