The BEEkeepers of SMSFs – The ATO & the auditor

National Conference 2023

In this workshop, we will consider the key risks associated with SMSFs from both the Regulator’s and auditor’s perspective to highlight the importance of all relevant parties working collaboratively together to ensure the auditor is adequately addressing the requirements expected by auditing standards and the ATO.
 
Working through practical case studies, this workshop will:
 
  • Explore the audit risks, issues and procedures required to ensure quality, compliance and risk managed audits
  • Focus on understanding the ATO’s compliance approach and how best to engage with the Regulator
  • Provide insight into the ATO’s referral of auditors to ASIC and action taken by ASIC
  • Provide steps that can be taken to mitigate litigation risk
  • Unpack the ‘hot issues’ that auditors need to be aware of.

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

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