Training Calendar
With increased legal consequences, ongoing ATO and ASIC scrutiny of SMSF auditors, along with ever changing legislation, our training events are an excellent opportunity to update your knowledge in this specialised area.
Webinars are now available, with the individual topics listed below. Registrations are open, and to REGISTER CLICK HERE.
Registrations are open for our Face to Face events, to REGISTER CLICK HERE.
These one day events will cover all aspects of SMSF auditing, including:
- A review of requirements under the auditing, including the ASQM considerations
- A review of the financial statement audit procedures, with a focus on risk management - SIS compliance procedures, covering all sections and regulations relevant to the audit Our training includes numerous practical examples to ensure delegates have insight into common (and not so common) compliance issues, audit risks and practical solutions to everyday issues. Each delegate will receive training materials as part of their registration. Each delegate attending the training will receive at least 6.5 CPD hours. Registration costs $850 inc. GST per delegate. Webinars are also available, and registration will be open shortly. Webinars can be ordered in a bundle of all 10 for $1,250 inc. GST, any 5 webinars for $725 inc. GST or any single webinar for $165 inc. GST. Topics and dates are noted below: Webinar 1: Audit Fundamentals 5 September, 2023, 10am • Auditing standard fundamentals • What is essential for audit documentation compliance • ASQM requirements Webinar 2: Financial Statement Audit Procedures 7 September, 2023 10am • Audit risks areas such as: asset titles, loans, related party investments, asset valuations, cryptocurrency risks, along with strategies to manage auditor exposure • A discussion on procedures that do not add value • Consideration of controls based testing • Examples of litigation impacting auditor risk Webinar 3: SIS Compliance: getting the basics mastered 11 September, 2023 10am SIS requirements and audit procedures for: • The sole purpose test • Loans to members and other financial assistance • Acquisition of assets • Basic borrowing exceptions • The definition of an SMSF • The arm's length requirements Webinar 4: SIS Compliance: advanced audit issues 13 September, 2023 10am SIS requirements and audit procedures for: • In-house assets: is it grandfathered, exempt or excessive? • Restructuring grandfathered in-house assets • Derivative risk statement review • LRBA's - what clients are still getting wrong • Intermediary LRBA's • Property development • Suggestions on how to rectify major compliance issues Webinar 5: Trust Deed Review and Audit Considerations 15 September, 2023 10am • Audit risks and tips on what to review • Those "catch-all" provisions • Recommended procedures to address lost deeds, out of date deeds, breached deed Webinar 6: ATO Reporting Obligations 19 September, 2023 10am • Mandatory reporting criteria • Drafting an ACR • What about if the engagement is terminated? • Understanding the penalty regime and the impact to clients • Common myths debunked Webinar 7: Managing Audit Risks 22 September. 2023 10am • Asset revaluation risks • Contribution cap risks • Contribution splitting and account equalisation • Earning allocations • ECPI calculations Webinar 8: Investment Strategies 25 September, 2023 10am • Reg 4.09 investment strategy compliance • Diversification, including why the ATO were concerned, and what is actually required • What to check before signing the 2023 audit report • How to review the "giving effect to" requirement and practical solutions • A review of sample strategy wording Webinar 9: NALI & NALE 27 September, 2023 10am • The NALE rules and how and when they apply • The impact of NALI, including worked examples on NALI risk Webinar 10: Qualifications and Other Communications 28 September, 2023 10am Not sure how much detail to include in the audit report or client communication? • What level of detail is required • Worked examples of Part A and Part B qualifications (for common and not-so-common issues) • Recommended management letter points, including sample wording Bundles are for a single person only.