Management letter issue, reportable breach, or both?
Auditor judgement when there is no definitive legislative interpretation
Managing consistency between funds and regulator requirements
Have you ever questioned whether an SMSF issue identified during the audit process is in fact a breach? Is it reportable to the regulator or is it simply a management letter issue? Do you need to qualify your audit report?
The auditing process for an SMSF requires auditor judgement and interpretation but in practice, complexities arise. Consistency between funds is essential. Consistency with what the regulator requires is essential.
This webinar explores the common issues faced by SMSF auditors even where there may or may not be a definitive legislative interpretation. It provides the required references and tools to not only identify the issues but correctly manage the reporting or rectification requirements.
Who should attend?
A must attend for any accountant, auditor, or advisor working with SMSFs.