218 paragraphs found
ASA 220 requires the engagement partner to form a conclusion on compliance with the independence requirements that apply to the audit engagement. ASAE 3100 requires compliance with the fundamental ethical principles on compliance engagements, for which …
As the SMSF’s financial report is generally a special purpose financial report, the trustee chooses the financial reporting framework under which the SMSF reports. The trustee exercises their discretion when determining the most appropriate market value …
The professional obligations of approved SMSF auditors under the SISA [24] are to: complete the continuing professional development requirements prescribed by the regulations; [25] hold a current policy of professional indemnity insurance; [26] comply …
Collectables and personal use assets under the SISA and SISR are permitted investments for SMSFs, provided the asset was not acquired to provide a personal benefit for the member or their related parties. Collectables or personal use assets [160] that are …
Assertions used by the auditor fall into the following categories: Assertions about classes of transactions and events reflected in the SMSF’s operating statement for the period under audit: Occurrence - transactions and events that have been recorded …
ASAE 3100 Compliance Engagements , which is to be read in conjunction with ASAE 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information , is applicable to the conduct of the compliance engagement of SMSFs. For example, …
… Procedures which the auditor may conduct in auditing compliance of limited recourse borrowing …