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Fundamental Principles & Practice of SMSF Audit

Ashley Course - ARC Super

Monday, 29 May 2017 from 9:00 am to 4:30 pm (AEST)

Ticket Information

Ticket Type Sales End Price * Fee Quantity
ARC Plus Platinum, Gold and Silver Member
ARC Plus Gold and Platinum members receive complimentary attendance to either one full day face to face session, or three two hour face to face sessions. If you are an ARC Plus Gold or Platinum member who would like to attend this event, and have not used your complimentary offer, contact us on 1800 300 578 to register.
29/05/2017 $489.00 $0.00
Non-Member 29/05/2017 $660.00 $0.00
* Prices include GST

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Event Details

Fundamental Principles & Practice of SMSF Audit

Introduction & Overview

The SMSF auditor’s responsibility is to (a) express an opinion on the financial report (Part A), and (b) provide reasonable assurance that the trustee(s) complied, in all material respects, with the relevant requirements of the SIS Act and Regulations (Part B). In forming this opinion the auditor is required to obtain sufficient and appropriate audit evidence based on his/her assessment of risk.

Although the above may appear obvious to some, due to the complex and somewhat subjective nature of the SMSF audit, inconsistent opinions exist amongst auditors as to their audit obligations.  In particular, there remains varying opinions regarding the scope of the audit, how to document the risk identification and assessment procedures, and the quality and quantity of audit evidence required.

Learning Objectives

Upon completion of this session attendees will have enhanced or consolidated their understanding of exactly what it is they are and are not forming an opinion on, the risk identification and assessment process, the linkage between risk and further audit procedures, and of critical importance….how to document this understanding and processs.

Recommended For

Auditors of all levels.

Topics Covered

This workshop will cover the following:

  • Legislative update and recent ATO pronouncements
  • The scope of the audit - Audit what you're required to...nothing more, nothing less
  • Key planning and risk procedures and how they may be used to streamline your audit
  • Audit sampling and selection methods
  • Key substantive testing procedures 
  • Tailoring your audit to the different SMSF risks
  • Critical evidence and documentation requirements
  • Auditor's reporting requirements and forming an opinion

About the Presenter – Ashley Course

Ashley is the Director of ARC Super, which specialises in the provision of SMSF audit, technical and training services.  Ashley has extensive experience designing and developing audit software and programs and for the last eleven years has trained and developed audit content for the professional accounting bodies, accounting firms and software providers.  

 

Have questions about Fundamental Principles & Practice of SMSF Audit? Contact Ashley Course - ARC Super

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When & Where

Level 10, 210 George Street
Sydney, NSW 2000
Australia

Monday, 29 May 2017 from 9:00 am to 4:30 pm (AEST)


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