Prudential requirements include requirements under the: SIS Act; SIS Regulations prudential standards (and Prudential Practice Guides(SPG)); reporting standards; FSCOD Act; license conditions, authorisations, superannuation data and payment standards; and …

Reasonable assurance engagement means an assurance engagement in which the RSE auditor reduces engagement risk to an acceptably low level in the circumstances of the engagement as the basis for the RSE auditor’s conclusion. The RSE auditor’s conclusion is …

RSE under section 10(1) of the SIS Act means: a regulated superannuation fund; or an approved deposit fund; or a pooled superannuation trust;   but does not include a self-managed superannuation …

Reliability under the Australian Accounting Standards Board’s Framework for the Preparation and Presentation of Financial Statements means information has the quality of reliability “… when it is free from material error and bias and can be depended upon …

For the purposes of this Guidance Statement, the following items have the meanings attributed below: …

Auditor ― A registered company auditor [6] . …

AUASB Standards ― Australian Auditing Standards and Standards on Assurance Engagements, Standards on Review Engagements and Standards on Related …

Assurance Engagement ― An engagement in which an auditor aims to obtain sufficient appropriate evidence in order to express a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the subject …

A SMSF meets the definition of a SMSF of the SISA [12] if: it has fewer than five members;; each individual trustee or director of the corporate trustee is a member of the fund, unless it is a single member fund, in which case the sole member is either: a …

A SMSF does not fail to satisfy the definition of a SMSF of the SISA [14] if: a member of the fund has died and the legal personal representative of the member is a trustee of the fund or a director of a body corporate that is the trustee of the fund, in …