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Chan@2000x

QA FINDINGS AND ASIC FOCUS AREAS

speakers: CHANELLE PIENAAR

Explore key quality assurance (QA) findings and ASIC’s latest focus areas. This session is essential for audit professionals looking to stay up-to-date with regulatory expectations and enhance their compliance practices. We will discuss common pitfalls identified in recent reviews and offer practical strategies to address these issues effectively. Don’t miss this opportunity to gain valuable insights on how to improve audit quality and stay ahead of ASIC’s expectations.

Auditing unlisted unit trusts in smsfs

speakers: deanne firth & jacob kewley

This session is essential for SMSF auditors seeking to deepen their understanding of audit processes involving unlisted unit trusts.

  • Audit File Essentials: What evidence should be included in your audit file.
  • Audit Process Variations: Differences in auditing related, unrelated, and widely held unit trusts.
  • Valuation Evidence: Best practices for obtaining and evaluating valuation evidence.
  • Qualification Triggers: When and how to qualify your audit report.

Whether you’re navigating complex audit scenarios or looking to refine your auditing practices, this webinar offers practical guidance and expert insights.

The role of bias mitigation in ethical decision making

speaker: Nidal Danoun

Recognising and mitigating our biases and psychological tendencies is significantly vital for in ethical decision making. Biases are about how we process the information and are particularly impactful in formulating our views on ethical issues. The session will address the following:
• Introduction to Cognitive biases
• Conscious and unconscious biases
• The impact of different biases on ethical decision making

Threats to audit inpendence:
the ongoing challenge

speakers: steven russo & graeme colley

SMSF auditors face the difficult task of balancing the interests of trustees, members, accountants, other professionals, and various regulators. Managing these conflicting interests while ensuring compliance with relevant legislation and audit standards is crucial. Failure to do so can lead to strict penalties imposed by courts and tribunals.

During this forum, we will examine these conflicts and discuss strategies for managing them to the satisfaction of all parties involved.

  • Identifying and resolving actual and perceived conflicts of interest during SMSF audits.
  • Managing the interests of trustees, members, accountants, other professionals, and regulators.
  • Understanding the serious consequences of failing to comply with relevant legislation and audit standards.

When the ato audits an SMSF Auditor - What to expect and how to best prepare

speaker: Bryce Figot

Bryce has gathered various practical tips and traps over years of experience working with SMSF auditors under ATO scrutiny. These insights are invaluable for all SMSF auditors, helping them to promptly and effectively address ATO reviews or audits.

  • Preparation: Essential steps SMSF auditors should take now, long before any ATO audit.
  • Immediate Actions: Prompt actions to take when first alerted to an ATO review or audit.
  • Key Issues: Understanding the ATO’s interpretation of the law.
  • Common Pitfalls: Learn about the most frequent areas where auditors face challenges.

Auditing Crypto and NFTs

speakers: deanne firth & jacob kewley

The rise of digital assets, especially among Generation X trustees, has impacted the SMSF sector strongly with an increase of almost 600% in crypto investment since June 2019. This has created a wealth of uncertainty in the industry surrounding compliance and best practice.

 

This webinar focuses on the audit of these funds, equipping the listener with a gameplan to tackle the compliance of Cryptocurrency and NFTs in SMSFs. We tease out the uncertainty surrounding methods to report transactions and balances. We strip back the disinformation and provide a commonsense path to compliance for most types of digital assets while also revealing which sectors are a no-go zone for SMSF investment.

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RCA Webinar is free for eligible members

RCA Webinar is free for

  • Registered Company Auditor Membership
  • SMSF Auditor + Registered Company Auditor Membership
  • Registered Company Auditor + Associate Membership


Purchase the appropriate membership to access it

SMSF Webinar is free for eligible members

SMSF Webinar is free for

  • SMSF Auditor Membership
  • SMSF Auditor + Registered Company Auditor Membership
  • Registered Company Auditor + Associate Membership
  • Associate (Non ASIC Registered Auditor)


Purchase the appropriate membership to access it