Recorded Webinar: What is Sufficient and Appropriate Audit Evidence? – Testing Boundaries and Practical Limits in SMSFs


18th September 2018

Duration:  approx. 2 hours

The question of sufficient and appropriate audit evidence should always be front of mind for SMSF auditors. What this means in practice for different categories of evidence is explored in this session, including:

  • The concept of sufficient and appropriate audit evidence – what does this really mean?
  • The connection between inherent risk and audit evidence – aligning risk with evidence requirements
  • Audit requirements and associated categories of evidence
  • The auditor’s reporting requirements when sufficient audit evidence is unobtainable
  • Using trustee declarations as audit evidence
  • Special risk factors in evaluating valuations
  • What do you do where there is a gap in the evidence?
  • Evidence in an automated environment – impact on audit evidence requirements
  • Valuation problems and evidence problems - unlisted shares and scanned bank statements
  • Case study – ASIC disqualification action of SMSF auditor over insufficient audit evidence
Our presenter

Shirley Schaefer, Partner, BDO, Adelaide

Shirley leads the Superannuation team, at BDO in South Australia, as well as the national specialisation. She is a recognised industry expert and a passionate advocate of her clients, team and industry.

The Superannuation service line provides a range of compliance, accounting, and taxation and audit services for self managed superannuation funds (SMSFs), both directly and as a back office function for a range of client service providers. Working in cooperation with the Wealth Management team, Shirley is able to support the delivery of strategic superannuation services and advice. Speaking engagements, training and workshops with the Institute of Public Accountants (IPA), Chartered Accountants Australia & New Zealand (CAANZ), SMSF Association (SMSFA), Tax & Super Australia (TSA) and The Tax Institute (TIA) illustrate her industry leadership.

With more than 20 years’ experience as a Chartered Accountant, Shirley joined the South Australian firm in 1994, commencing as an auditor. In 1996, she established a separate Superannuation service line; now one of the largest, dedicated super teams in BDO, servicing over 800 SMSFs. Shirley became a Director in 2001 and was appointed BDO’s National Lead Partner for Superannuation in 2010.


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.

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:
Product Code: WBPSEP18
 Price:  $253.00 (Inclusive of GST)
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