Small Entities Audit Manual (SEAM) (138892738) - Online

This resource is updated every year. This is the 2025/2026 edition. It is designed to help auditors in auditing small entities specifically, which brings many unique challenges. Along with updated sample audit programs, this manual contains practical explanations of many key areas that you are likely to come across in the audit of small entities. The content is organised into explanation and guidance on audit, review and compilations engagements, and specific sections applicable to engagements with:
 

• a self-managed superannuation fund (including an overview of an SMSF, the audit plan, the financial report audit, the compliance audit and finalising the audit)
• an association incorporated or unincorporated (for example, a junior sporting association)
• a company limited by guarantee
• a real estate agents trust account
• a members trust account
• a solicitors trust account
• grant acquittals and multi-scope engagements