Recorded Webinar: SMSF Audit Documentation as a Risk Management Tool

With SMSF auditors increasingly finding themselves in the litigation hot seat, a key way in which they can limit risk is through the proper use of documentation. This practical session examines the role qualified audit reports, engagement letters and other documentation can play in addressing audit risk. It covers:

• Qualified audit reports - are they the answer to managing litigation risks?

• Getting the letter of engagement right:

  • ensuring the trustees understand the role of the auditor

  • defining the audit scope

  • other key inclusions to consider

• Role of trustee representation letters

• Management letters - advice and protection all in one

• The role of disclaimers - when are they appropriate?

• The audit plan - what does this contain?