EXPERIENCE A 1-DAY PROGRAM PRESENTED BY THE BIGGEST NAMES INVOLVED IN THE AUSTRALIAN SMSF AUDIT INDUSTRY.
WHAT WILL I GET FROM ATTENDING?
GROW YOUR EXPERTISE
Audit-specific SMSF content
CPD HOURS
Up to 6 CPD hours + bonus session available
ONLINE LEARNING
Virtual access, PLUS on-demand
THANK YOU TO OUR VALUED EVENT PARTNER
MEET YOUR SPEAKERS
Managing Director,
Elite Super Pty Ltd
Partner,
Cooper Grace Ward
Head of Education,
ASF Audits
Managing Director,
Peak Super Audits
Director, BDO
Founder of Advisers Digest
Katrina has over 28 years experience in the SMSF and Accounting industry. With a Bachelor of Business with ACU and the majority of a Law Degree with UNE, whilst being a partner in a multi-disciplinary Law, Accounting and Financial planning firm. She holds a specialist membership accreditation as a SMSF Specialist with the SMSF Association as a Fellow Specialist SMSF Auditor and Advisor (dual FSSA and FSSAud specialist). Shes also Chartered Accountant and holds an Advanced Diploma in Financial Services. For over a decade she has chaired the Northern Region NSW SMSF Association local chapter, and sits on the SMSF Auditors professional Stakeholders group with the ATO. Recently awarded Superannuation Auditor of the Year 2023 and 2020 (Australian Accounting Awards and Auditor of the year 2021 (Women In Finance Award). She’s also branched out into audit training and speaking/presenting for the IPA and the SMSF Association.
Scott is a partner in Brisbane law firm Cooper Grace Ward and the Chair of the SMSF Association. He and his team specialise in assisting clients and their other advisers including accountants and financial planners with tax and superannuation (particularly SMSFs) advice; estate planning, administration and disputes; family businesses, business structuring; business succession arrangements; asset protection and restructuring. Scott has a particular interest in how these areas intersect with self-managed superannuation funds and the impact of and on these structures. He is the Chair of the SMSF Association, having joined its board in July 2019. Scott is a SMSF Specialist Advisor™ with the SMSF Association, a Chartered Tax Adviser, a member of the Society of Trust and Estate practitioners. Scott chairs the Cooper Grace Ward Diversity and Inclusion Group and its ARCUS sub-group, and is the leader of the firm’s Private Client Commercial group. Scott been selected by his peers for inclusion in the 15th Edition of Best Lawyers in Australia in the practice areas of: Superannuation Law, Trusts and Estates, Wealth Management / Succession Planning Practice and Commercial Law. He was named the 2016 Brisbane Wealth Management/Succession Planning practice ‘Lawyer of the Year’ and the Superannuation ‘Lawyer of the Year’ for 2019 and 2022. Scott has been listed in Doyle’s Guide for Queensland Estate Planning lawyers as a pre-eminent practitioner.
He has a Bachelor of Laws (Hons) and a Bachelor of Business (Accy) from the Queensland University of Technology. Scott also has also completed the Certificate of Superannuation Management and the Diploma of Superannuation Management run through ASFA and Macquarie University, and the Foundation Diploma of Financial Planning.
Shelley is an accredited SMSF specialist audit and advisor with over 15 years’ experience in the superannuation industry. She is recognised Australia-wide as an expert on SMSF compliance, providing clients with high-level strategic and technical advice.
She is a committee member of the ATO SMSF Auditor’s professional stakeholders’ group, a member of the SMSF Association National Conference Committee and Chair of the SMSF Association Audit Discussion Group.
Shelley specialises in delivering quality SMSF training and education to the private and public sectors; she is a regular presenter at peak industry SMSF conferences and is a well-known author and sought-after industry commentator.
In 2022, Shelley was awarded the SMSF Association’s Chairman’s Award in recognition of her outstanding contribution to the SMSF sector.
Naomi is the managing director at Peak Super Audits, an SMSF audit firm. A Chartered Accountant and Tax Masters graduate from the University of NSW, Naomi made an early career decision to specialise in SMSF compliance. She has loved it ever since and is a surprised recipient of several awards, including the Women in Finance Auditor of the Year and the Australian Accounting Awards Superannuation Auditor of the Year. Naomi enjoys assisting accountants & trustees in understanding their obligations within the evolving landscape of SMSF compliance. She continues to write and present on SMSF related matters.
Shirley is an auditor by training and a SMSF expert by choice. She established a separate Superannuation division at BDO in 1996, recognising the need to provide high quality technical services to clients with self-managed superannuation funds.
Shirley is a regular speaker at SMSF & Audit conferences. She provides SMSF competency training for accountants and auditors. She is the co-author of the Thomson Reuters SMSF Audit Guide and winner of multiple SMSF and Audit Awards.
She is a Fellow Specialist Adviser and Fellow Specialist Auditor of the SMSF Association (SMSFA); a Fellow of the Association of Superannuation Funds Australia (ASFA); a Fellow of the Chartered Accountants Australia and New Zealand (CAANZ); a Registered SMSF Auditor; and a Registered Company Auditor.
Peter Johnson is an SMSF Specialist Adviser with the SMSF Association and the founder of Advisers Digest and AuditMatch. Peter is also a CPA, Chartered Accountant and Certified Financial Planner plus holds a Masters in Taxation, a Graduate Diploma in Financial Planning and a Professional Certificate in SMSFs. Peter no longer practices as an SMSF Auditor but provides ongoing support and training to auditors all over Australia.
Paul Delahunty is the Director of the SMSF Approved Auditors area of the ATO and has responsibility for engaging with industry partners, assessing risks and delivering treatment strategies for SMSF Auditors. This includes chairing the SMSF Auditors Professional Association Stakeholder Group.
Paul has over 20 years of experience working in government regulatory roles and has maintained a strong interest in black economy behaviours and code of conduct matters.
Prior to joining the Superannuation and Employer Obligations business line of the ATO, Paul led the Investigations & Enforcement area at the Tax Practitioners Board for 5 years. As a CPA, Paul also has a strong professional association connection and is a member of CPA Australia’s disciplinary tribunal.
With over 25 years experience in the superannuation industry as a technical specialist, focusing primarily on SMSFs, Mary has an in-depth, expert knowledge of the industry.
With diverse roles spreading across mid-tier to large accounting firms, large and boutique financial service providers and the Australian Taxation Office (ATO), Mary offers an all-round understanding of the SMSF industry. Mary has a multifaceted perspective of the SMSF industry, including that of Government, a professional advisor and trustee/member.
Mary is an accredited SMSF Specialist Advisor™ and as an author and presenter of SMSF specialist content over the years, she draws satisfaction on conveying complex, technical matters into clear concepts with practical application to make a real difference in improving the overall professional standards in the sector.
YOUR PROGRAM
Wednesday 20 September
Wednesday 20 September | On-demand sessions will be available until 20 October
Please note, program time is reflected in AEST
Session 1: Managing current and emerging audit risks
Shirley Schaefer, Partner Superannuation, BDO
With the number of SMSFs increasing, SMSF Auditors must deal with the growing complexity of some arrangements whilst balancing their need to comply with the Australian Auditing Standards and meet their responsibilities to SMSF trustees, the ATO and ASIC. This session will keep you abreast of key audit risks and how best to ensure these risks are identified and managed. Additionally, litigation involving SMSF Auditors is on the rise, so this session will also help you identify emerging risks in an effort to reduce the risk of being held liable.
10:05am - 10:55am
Session 2: Nurturing the Accountant Auditor Relationship
Peter Johnson, Founder of Advisers Digest
As an SMSF Auditor you obtain your work almost exclusively through SMSF accountants or administrators. They are very important to your business but at the same time they can cause threats to your business. Come along and listen to Peter Johnson talk about the things you need to consider when you are nurturing your relationship with your referring accountant. Things like:
- Who is your client? The trustee or the accountant.
- What threats can be caused by the relationship and how do you deal with them.
- What are the common areas that the ATO will pick you up on.
- Things accountants just hate to have to do but auditors must have them.
- When to lodge an ACR or to just mention a breach.
- What to do when your accountant just doesn’t get it.
- Providing advice before an audit.
Session 3: Investment Strategies - Why is my auditor still not happy?
Katrina Fletcher, Managing Director, Elite Super Pty Ltd
- The history of how we arrived at where we are now for auditing investment strategies including Baumgartners case,
ATO letters re lack of diversification etc. - Exploring the risks, issues and procedures required when auditing SMSF investment strategies, including
understanding the ATO expectations and compliance approach since February 2020. - Special assets and consideration of these in an SMSF’s investment strategy (crypto, collectables, farmland, related
party LRBAs). - Defective strategies – what’s non-compliant.
Session 4: Valuations and the SMSF Audit: Where do you stand?
Naomi Kewley, Managing Director, Peak Super Audits
Asset valuations, particularly when dealing with property, continue to create disputes between auditors, administrators
and the ATO. To prepare a robust file, auditors must know where they stand in reference to legislation and the auditing standards. The Regulator’s expectations embroider upon these authorities, both to enhance and obscure. Where does
this leave the auditor, and what practical steps can you take to audit-proof your audit file?
Session 5: Related party transactions – when the professionals disagree
Scott Hay-Bartlem, Partner, Cooper Grace Ward
Related party transactions are a very complicated part of SMSF regulation, especially investments in private unlisted entities, and often give rise to disagreements between auditors, other advisers, and the SMSF. This session will consider
the key risks associated with SMSFs transacting with related parties, with a focus on investments in related unit trusts. Through the use of real cases, this session will unpack the common mistakes in transactions and documents, what can
go wrong when everything does not line up, what the SMSF auditor should look for and what can be done to rectify things. The session will highlight the importance of all parties working collaboratively together to ensure the auditor is
adequately addressing the requirements expected by auditing standards and the ATO.
Session 6: Unlocking the Power of SMSF Technology in Practice
Shelley Banton, Head of Education, ASF Audits
This session aims to empower SMSF auditors to explore the intersection of technology and their professional responsibilities associated with SMSFs. As the industry starts to embrace advancements like Artificial Intelligence (AI),
it becomes essential for SMSF auditors to understand the potential risks and rewards of incorporating new technologies into their practice.
Paul Delahunty,
Director – Superannuation and Employer Obligations,
ATO
BONUS SESSION:
In conversation with the ATO – SMSF Auditors
ON-DEMAND ACCESS ONLY
Join Paul Delahunty, Director – Superannuation and Employer Obligations, ATO and Mary Simmons, Head of Technical SMSF Association for a bonus session worth up to 1 CPD hour.
