The independence of SMSF audits is a significant area of concern - and an area of focus - for the ATO.

This program examines this important area and covers the following areas:

·         The main elements of a SMSF audit

·         The ATO’s concerns (past and present) about audit independence

·         The relevance of SIS, the Australian Auditing Standards, and guidelines set out by the senior professional accounting bodies

·         APES 110 – ‘Code of Ethics for Professional Accountants’ - effective from 15 February 2008

·         Practical examples of where a practitioner’s - or a firm’s - conduct will likely be acceptable or unacceptable