Recorded Webinar: SMSF Audit Documentation – Supporting Audit Findings and Protecting Your Back

It is vital for SMSF auditors to have the required documentation to back up their findings and opinions in the audit. The session looks at the key audit documentation, their construction and how they are used in addressing audit risk, including:

• Key inclusions in letter of audit engagement

• The audit plan - what should this contain?

• Financial statement audit program

• Compliance audit program

• Management letter addressing different findings in audit

• Expressing judgement and reasoning in audit working papers - key audit checklist

• Understanding key provisions in Auditing Standard ASA 230: Audit Documentation

• The scope of auditor’s responsibility to obtain written representations from management of SMSF