The Auditing and Assurance Standards Board (AUASB) has replaced its guidance statement on the audits of self-managed superannuation funds (SMSFs).
GS 009 Auditing self-managed superannuation funds replaces Audit guide no. 4, released in 2004 and the 2005 Supplement to audit guide no. 4, both of which relate to the audits of SMSFs.
GS 009 does not replace or substitute any requirements contained in Australian auditing standards and the standards on assurance engagements.
The guidance statement should be read in conjunction with these standards, as well as the requirements and guidance contained in the Superannuation Industry (Supervision) Act and Regulations 1994, and various ATO rulings and directives.
