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SMSF Audit Fundamentals & Legislative Update

Ashley Course - ARC Super

Thursday, 31 August 2017 from 9:00 am to 5:00 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.
31/08/2017 $330.00 $0.00
Non-Member 31/08/2017 $440.00 $0.00
* Prices include GST

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Event Details

SMSF Audit & Legislative Update

Introduction & Overview

Registered SMSF auditors are required by legislation and professional standards to comply with Australian auditing and assurance standards when conducting their audits.  The problem is the volume of standards, and the difficulty in finding the time to develop an understanding of such.  Accordingly, we often hear from auditors selected for an ATO or accounting body review who are concerned as to whether they have been doing the right thing and what may happen if found to have failed to comply with the mandatory requirements.

This workshop will go through the step by step process needed to conduct a SMSF audit in accordance with the Australian auditing and assurance standards, commencing with accepting the engagement through to issuing the auditor’s report, including the mandatory planning, risk assessment and substantive procedures, and audit evidence requirements.  It will also provide with a comprehensive SMSF audit toolkit designed to assist in meeting all the mandatory auditing requirements.

Finally, this session will also cover the recent legislative changes and the implication for the SMSF auditor.


Learning Objectives

Upon completion of this session attendees will develop peace of mind as to what is required to comply with the mandatory standards.   Attendees will learn that despite the large volume of standards, provided auditors have the right processes in place, compliance may not be as burdensome as many think. 


Recommended For

The workshop will allow junior auditors to develop an understanding of the audit process, through to senior auditors who can compare their audit methods with other professionals.


Topics Covered

This workshop will cover the following:

  • Legislative changes and the impact for the SMSF audit
  • ATO compliance targets for 2017/18
  • Financial statement (Part A) audit including the legislative requirements and risks, and the linkage with member statements
  • The ‘Audit Process’, i.e. the mandatory requirements commencing with accepting the engagement through to completing the auditor’s report
  • The concept of ‘Risk Identification’, the single greatest contributor to ‘Audit Risk’, and the implication for the SMSF auditor 
  • Various substantive testing requirements…these extend beyond ‘inspection’ of evidence
  • Audit evidence requirements including how much evidence is sufficient, and what is considered appropriate evidence


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 SMSF Audit Fundamentals & Legislative Update? Contact Ashley Course - ARC Super

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When & Where

Castlereagh Boutique Hotel
169 Castlereagh Street
Sydney, NSW 2000

Thursday, 31 August 2017 from 9:00 am to 5:00 pm (AEST)

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