Australian audit guide and toolkit for self managed superannuation funds 2017 / by Shirley Schaefer
By: Schaefer, Shirley.Publisher: Pyrmont, NSW : Thomson Reuters, 2017Edition: 8th ed.Description: xl, 582 p. : ill. ; 24 cm. + CD-ROM.ISBN: 9780864699039.Other title: Australian audit guide and toolkit for SMSFs 2017.Subject(s): Self-managed superannuation funds [SMSF] | Individual retirement accounts | Retirement income | Australia | Auditing | Pension trusts | Handbooks, manuals, etc
|Item type||Home library||Collection||Call number||Status||Date due||Barcode||Item reserves|
|Book||Australia||Reference||REF 345.29 INS 2017 (Browse shelf)||Not For Loan||CA010107|
|Book||Australia||345.29 INS 2017 (Browse shelf)||Not for loan||CA010113|
|Book||Australia||345.29 INS 2017 (Browse shelf)||Issued Not for loan||06/04/2020||CA010119|
|Book||Australia||345.29 INS 2017 (Browse shelf)||Not for loan||CA010125|
|Reference||New Zealand||Reference||R345.29 AUS 2017 (Browse shelf)||Not For Loan||CA013125|
CORE CONCEPTS: Ethics, ASAs and quality control -- The risk-based audit - overview -- Internal control - purpose and components -- Financial report assertions -- Materiality and audit risk -- Risk assessment procedures -- Responding to assessed risks -- Further audit procedures -- Accounting estimates -- Related parties -- Subsequent events -- Going concern -- Summary of other ASA requirements -- Compliance considerations -- Audit documentation -- Forming an opinion -- PRACTICAL GUIDANCE: Introduction to the case study -- Risk assessment - overview -- Engagement acceptance and continuance -- Overall audit strategy -- Determining and using materiality -- Inherent risks - identification -- Inherent risks - assessment -- Significant risks -- Compliance risks -- Understanding internal control -- Evaluating internal control -- Communicating deficiencies in internal control -- Concluding the risk assessment phase -- Risk response - overview -- The responsive audit plan -- Determining the extent of testing -- Documenting work performed -- Written representations -- Application of other ASAs to the case study -- Compliance with superannuation legislation -- Reporting - overview -- Evaluating audit evidence -- Communicating with the trustees -- Modifications to the auditor's report -- Emphasis of matter and other matter paragraphs -- Comparative information -- Communications with the regulator.
Provides a practical guide for auditors of self managed superannuation funds (SMSFs). Includes case studies that cover issues such as, limited recourse borrowing arrangements and personal use assets.