The SMSF Association SMSF Specialist Auditor accreditation is recognised industry-wide as a comprehensive and challenging assessment of an individual’s ability as an SMSF auditor.
The SMSF Specialist Auditor (SSAud®) program meets part of the compliance requirements to become a Registered SMSF Auditor.
You will examine the requirements of the Australian Auditing Standards and how they should be applied in an SMSF audit. In addition, the practical relationship between the Superannuation Industry (Supervision) Act 1993 (SIS Act) compliance audit of an SMSF and the Auditing Standards will be analysed. Specifically, the subject covers the auditor’s reporting obligations in relation to SIS compliance to both the trustees and the Australian Taxation Office.
It is specifically designed for audit professionals seeking recognition for their specialist skills and knowledge required through statutory obligations, Auditing & Assurance Standards and AUASB Guidance Statements. This Accredited Specialist designation program is designed to be completed within twelve (12) weeks of entering the program.
To audit a self-managed super fund, an auditor must be a qualified member of an approved professional organisation. As of 1 July 2013, the rules changed and now SMSF Auditors must be registered with ASIC.
When held in conjunction with an accounting degree, the SMSF Association SSAud® will satisfy the education requirements of the ASIC Auditor Registration, as it is registered as an approved program under the SMSF Auditor regulations (SIS 9A.02)
On successful completion, you should be able to:
- Undertake research on significant SMSF auditing issues
- Apply the Auditing Standards to identify compliance issues in an SMSF
- Complete an SMSF audit that is compliant with both Australian Auditing Standards and SIS Regulations
- Create the required Australian Taxation Office reports and Fund reports