Recorded Webinar: SMSF Auditor Strategies for Managing Litigation Risk

Auditors must plan to manage litigation risk. Understanding the compliance audit framework is one thing, planning against being sued is another. This session looks at the key issues, including:

• Understanding client needs and expectations – the bespoke audit
• The quality control and testing process from a risk management perspective
• Engagement and management letters – how they can help manage risk
• Documenting your work to limit risk and liability
• Practicing professional skepticism efficiently
• Care in delegations in high risk audit scenarios
• Managing the audit team with risk in mind
• Managing technology and data feeds from a risk perspective
• The relationship with the accountant – getting the communication right
• Case studies – some problem risk scenarios and how to avoid them