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Course
Audit of SMSFs
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Overview
Updated in September 2022, this course is designed to enhance your knowledge of the requirements of the audit of self-managed superannuation funds (SMSFs). You will be provided with technical information and follow a case study that highlights the key audit issues faced by SMSF auditors in their day-to-day practice.
Key topics:
- The framework for SMSF audits
- Regulator and professional body requirements for SMSF auditors
- Applicable audit and professional standards
- Legislative background
- Audit planning and engagement
- Risk assessment and response
- Executing the audit
- Contributions and rollovers
- Benefit payments
- Reporting requirements and penalties
- Pandemic environment the consequences of the COVID-19 pandemic on SMSFs
This course consists of one online course, a downloadable PDF, and one multiple choice assessment.
What you'll learn
- Explain the regulator and professional body requirements for an SMSF auditor
- Apply the relevant Professional and Ethical Standards and Auditing Standards relevant to SMSF audits
- Apply the superannuation legislation and regulations relevant to SMSF audits
- Define what is required for a superfund to be an SMSF
- Apply the key steps and considerations in planning and executing an SMSF audit
- Apply the reporting requirements in relation to an SMSF audit
- Identify the requirements of an effective audit file and document retention requirements
Who is this for ?
This course is designed for:
- SMSF auditors
- Public practitioners
This course fulfils the compulsory component within the SMSF Auditor competency requirements.
Access period
365 daysFormat
Online - Self-pacedLanguage
EnglishCourse ID
125279112CPD/session
12 CPD hours
Members
AUD 440.00inc. GST
Non-members
AUD 770.00inc. GST