218 paragraphs found
… Audit risks to be considered in relation to auditing benefits paid may include, but are not limited to: …
A firm (or network firm) must not assume a management responsibility for an audit client. [60] If the firm’s staff make management decisions for the SMSF, which may occur if the firm is providing administrative services to the SMSF, there are no …
The ATO has published a Checklist for SMSF Auditors which is designed to assist SMSF Auditors to understand what the ATO ordinarily considers sufficient and appropriate audit documentation for a SMSF financial report …
ASA 320 requires the auditor to make a preliminary assessment of materiality to establish an appropriate quantitative materiality level to plan risk assessment procedures, further audit procedures, selection strategies and other audit procedures for the …
ASA 220 requires that before the auditor’s report is issued, the auditor performs a review of the audit documentation and conducts a discussion with the engagement team, in order to be satisfied that sufficient appropriate audit evidence has been obtained …
… The audit assertions for auditing a SMSF’s investments are: Existence – obtaining …
This Guidance Statement comprises: an introductory section, which provides guidance on matters common to both the financial audit and compliance engagement; Part A, which provides guidance on the financial audit; Part B, which provides guidance on the …
If the trustee decides to wind up the SMSF, the SMSF still needs to be audited for the relevant financial year. …
For a SMSF audit engagement, the engagement letter ordinarily: describes the objective and scope of the financial audit and compliance engagement, including the sections and regulations of SISA and SISR against which the auditor will be reporting; …