Live Webinar: Auditing Investments by SMSFs in Unrelated Private Companies and Unit Trusts


Date:   Tuesday 21st November 2017 – Online:
Vic, NSW, ACT, Tas: 11am to 1pm 
SA:  10:30am to 12:30pm  WA: 8am to 10am 
NT: 9:30am to 11:30am  Qld: 10am to 12noon

Many of the larger SMSFs hold investments in unlisted entities, often when they club together with friends’ funds to make investments.  These entities can raise a raft of problems for the SMSF auditor: verifying the carrying value is not easy and that’s just the beginning.  How can you be sure the asset is not an in-house asset?  How can be sure who owns what?  How can you get the information you need? 

This presentation discusses challenges confronting auditors in this situation:

  • Auditing the unrelated status of the asset – control vs majority ownership and other issues – what does control mean?
  • The risk that the income from the investment is NALI – audit implications
  • The risk of dividend stripping under TA 2015/15 – audit assessment
  • Verifying ownership of shares and units
  • Valuing shares or units – sufficient audit evidence:
    • getting the information
    • can you rely on third party accounts
    • what degree of investigation do you need to undertake?
  • Particular valuation issues:
    • when should you use NTA?
    • when should you use DCF or earnings multiples?
    • or is it really the client’s valuation?
Our presenter

Belinda Aisbett, Director, Super Sphere, Melbourne

Belinda Aisbett is a director of Super Sphere Pty. Ltd., a specialist self managed superannuation company, where she is responsible for providing audit, consulting and training services in relation to self managed super funds.

Belinda established Super Sphere in 2003 to specialise in SMSF auditing and audit related services, and is responsible for auditing around 1,000 funds per year.  This is in addition to providing an SMSF Audit Toolkit to other auditing professionals and undertaking numerous training engagements each year.

Belinda is a member of the ICAA, and holds a Bachelor of Business (Accounting).  Belinda is also a specialist member of SPAA, chairperson of their audit discussion group, and a member of the SPAA education committee.


This webinar is suitable for SMSF auditors throughout Australia. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.


Live webinar delegates will receive a CPD certificate for attendance at this webinar.  Accountants can claim up to 2 CPD/Training hours.  This webinar has been designed to run for 2 hours, however, webinar lengths can vary depending on the level of questions and discussion, and the minimum length of the webinar is 1.5 hours.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email:

Attending a TEN webinar couldn’t be easier. Basically it’s just like attending a seminar except that you don’t have to leave the comfort of your office or home. You just need to be available at the appointed date and time with your computer and internet connection.

Once you’ve registered for the webinar, we send you a link so that you can login to the webinar from your computer. The speaker delivers the session from their computer in real time. Just like a live seminar, you can ask questions of the speaker. You simply type your question into the question box and the speaker responds to it during question time.
At the end of the webinar session we send you a certificate to confirm your attendance and the number of CPD hours you earned.

You will need a computer with sound, an internet connection and earphones if you need to participate in the webinar in an open office environment (so you don’t disrupt those around you).

Product Code: RBONOV17
 Price:   $253.00 (Inclusive of GST)
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