[The Auditors Institute Ltd]

Hello Maria

I take it from the question that your practice is taking on a new audit client where the work was previously performed by another auditor for a number of years.

It would be necessary to obtain key documents such as the SMSF Trust Deed, details in relation to the trustee(s).

As for Signed Trustee Declarations, ideally these should be provided, especially where the fund is less than 10 years old, but if they can’t be located, they could be dealt with the Trustee Representation letter.

Happy to hear the thoughts of other auditors on this matter.

Best regards

The Auditors Institute