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SMSF Audit & Compliance Online Workshop Session 1

The essential 2024 audit issues you need to know. Recorded 14 October 2024.

The essential 2024 audit issues you need to know
Identify the 'red flags' and get the 2024 audit right
Achieve procedural efficiency and accuracy

Inflationary pressures, concerns around interest rates and related party commercial leasing, and NALI changes have all created a minefield for SMSF auditors; even a small oversight or lack of procedural integrity can prove costly.

We’ll look at the accountant vs auditor relationship and also take you through:

Looking at the ATOs compliance approach and auditor programs
Updated ACR guidelines and 2024 Audit report

If you want to be certain about your audit and compliance procedures, join us for this pragmatic online workshop.

Designed for SMSF auditors and advisers, the SMSF Audit & Compliance Workshop brings you up to date with recent developments and what they mean to SMSF auditors and advisers right now, what you can expect to see, and what to do about it.

An excellent training program for team members or a refresher to keep you on top of change.

Prepare to be challenged.

Total 1.75 CPD Hours

What we cover

Session 1: ATO focus areas and recent developments

The SMSF Audit & Compliance Workshop is a pragmatic and realistic work through of the key SMSF issues. We show you how to work through 2024 audits, the key issues coming out of an audit and how to respond, and the implications of change on you, your practice, and your clients.

What's included?

3 x 2 hour online workshop sessions
3 months Q&A embedded recording access - so don't worry if you can't make all of the live dates

Your audit documentation pack:

Engagement letter
Audit plan
Financial statement audit program
Compliance audit program
Trustee representation letter
Audit finalisation report (management letter)
Contravention report process

We’ll cover recent developments and ATO focus areas, including:

Illegal early access
Market valuations
SAN misuse
Cryptocurrency

SMSF Auditor Independence

Revisiting the impact of independence on your practice, common challenges and how the profession has adapted.

Chris Hodgins

Director, Hayes Knight

Chris has 15 years SMSF experience, both as an accountant and auditor. He has worked at two of the Top 10 firms in Australia and has been recently appointed a Director at Hayes Knight, Sydney.

As a registered SMSF auditor, Chris’ experience as an SMSF accountant allows him a unique perspective of each stakeholder’s position, understanding how he can add value to both accountants and trustees.