Since ASAE 3100 is to be read in conjunction with ASAE 3000, where specific application and other explanatory guidance is contained in ASAE 3000 and only referenced in ASAE 3100, this Guidance Statement makes direct reference to ASAE 3000. Although …

ASAE 3402 provides for assurance reports on controls which, if available from a service organisation used by a SMSF, may be relevant to the conduct of the financial audit of that SMSF. ASAE 3402 deals with assurance engagements undertaken by an auditor to …

Prior to commencing the audit, the auditor performs a number of preliminary activities to gain confidence that undertaking the audit is appropriate from a client and ethical point of view. ASA 300 requires the auditor, prior to beginning an audit …

Under the Auditing Standards and ASAE 3000, the auditor accepts or continues an engagement only when the auditor has no reason to believe that relevant ethical requirements, including independence, will not be …

For an initial audit, where there has been a change of auditor, the auditor communicates with the previous auditor in accordance with the relevant ethical requirements to ensure that there is no impediment or restriction in accepting and conducting the …

In accordance with ASA 102, ASA 200 and ASAE 3000, the auditor is required to comply with relevant ethical requirements relating to audit and assurance engagements. For the purposes of GS 009 these include the applicable requirements of the Code. [44] The …

The fundamental principles of ethics comprise: [46] integrity; objectivity; professional competence and due care; confidentiality; and professional behaviour. The fundamental principles of ethics establish the standard of behaviour expected of the auditor …

Under ASA 220 and ASAE 3100, the auditor accepts an engagement only when the auditor is satisfied that they, and, if applicable, the engagement team, have met the relevant ethical …

The auditor ensures that they possess, or, if applicable, the engagement team conducting the audit collectively possesses, the appropriate capabilities, competence and time to conduct the audit in accordance with the Auditing Standards, applicable …

Under ASA 250 , the auditor obtains a general understanding of the legal and regulatory environment applicable to the SMSF. A sound and current knowledge of superannuation legislation, including the SISA and SISR, relevant taxation legislation and ATO …