263 paragraphs found
… have properly considered all the circumstances of the SMSF, however the auditor is not required to assess whether … is adequate to meet the long term investment needs of the SMSF and the auditor states in their report that “no opinion …
… in the course of, or in connection with the audit of a SMSF, forms the opinion that the financial position of the SMSF may be, or may be about to become, unsatisfactory, the …
… credits attached to a franked dividend to which the SMSF is entitled have been recorded and that the respective … appropriately. This extends to checking that the SMSF has held the security for the requisite period to …
… opinion. For example, if the trustee decides to wind up the SMSF, this would be a material event requiring appropriate … report. Whereas, if an immaterial investment of the SMSF became worthless, this may not warrant any amendment. …
… Where the SMSF has investments in related or unlisted unit trusts, the … trust may have and whether there is any recourse to the SMSF. Where a related unit trust has allowed a charge over …
… Accrued benefits of a SMSF may arise from: accumulation entitlements where the … due to members; and insurance claims paid or payable to the SMSF owing to members. …
… For a SMSF audit engagement, the engagement letter ordinarily: … an adequate internal control structure; preparing the SMSF’s financial report; keeping the records of the SMSF secure and for the statutory time periods; conducting …
… of the members or trustees are recorded as expenses of the SMSF; expenses of the SMSF paid by a member or an employer are not recorded as …
… form auditor’s report is available at www.ato.gov.au/Forms/SMSF-independent-auditor-s-report/ . …
… An approved SMSF auditor [16] is a person who is registered as an approved SMSF auditor with ASIC [17] but does not include: a person … the registration of that person from being an approved SMSF auditor is in force; or a person who is disqualified …