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Recorded Webinars

Recorded Webinar: The SMSF Auditor`s Role When Trustees Get It Wrong

The nature of an SMSF means that trustees will not always have the skill base of other fund trustees. Mistakes will be made. This session examines different levels of mistakes by trustees and how the auditor should respond to them. Common mistakes made by

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About the Webinar

The nature of an SMSF means that trustees will not always have the skill base of other fund trustees. Mistakes will be made. This session examines different levels of mistakes by trustees and how the auditor should respond to them.

  • Common mistakes made by SMSF trustees including:
    • sole purpose test breach
    • investments in wrong name
    • ensuring right amount of pension is paid
    • staying within in-house asset rules
    • separation of assets
    • exceeding contributions caps
    • withdrawal and deposit errors
  • Auditor’s duties when trustee makes mistakes - does it vary according to seriousness?
  • Genuine mistake or intentional act – is this relevant?
  • Technical SIS breaches that are not serious – how should the auditor respond? When is an ACR required and when can it be avoided?
  • Mistakes unrelated to SIS compliance
  • Role of the management letter
  • Does the auditor have an educative role?

Presented By

Belinda Aisbett
Director, Super Sphere Melbourne, Vic

Belinda 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. 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 CAANZ, and holds a Bachelor of Business (Accounting). Belinda is also a specialist Fellow member of the SMSF Association (SMSFA), co-chairperson of their audit discussion group, and a member of both the SMSF Association’s education and conference committees.

Belinda is a representative of the SMSFA at the ATO SMSF auditor professional association stakeholder group, and a member of the ATO Superannuation Industry Relationship network committee.

Who Should Attend?

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.

Enquiries/Assistance

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: [email protected]

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