Click�here�to pre-order the 2017 edition - Available October 2017 The�Australian Audit Guide and Toolkit for Self Managed Superannuation Funds 2016�is an invaluable, practical hands-on tool for auditors of SMSFs. Authored by Shirley Schaefer, an expert in the superannuation and audit industries, in conjunction with Chartered Accountants Australia and New Zealand, this publication provides practitioners with up-to-date tools and assistance in dealing with the demands of this challenging area of practice.
This Guide will enable practitioners to keep abreast of the changes and deliver high-quality audits while mitigating any risk of non-compliance. It has been structured to provide practical examples and extensive guidance on, and demonstrations of, real-life circumstances. Part A (Core concepts) provides an overview of the entire audit process and a discussion of the key audit concepts Part B (Practical guidance) focuses on how to apply the concepts outlined in Part A, including application to a practical case study The case study material covers the complex issues, including limited recourse borrowing arrangements, collectables & personal use assets and non-concessional contributions The Guide also includes a handy Toolkit, in CD format, containing relevant forms and checklists that will assist practitioners in conducting SMSF audits. The 2016 edition includes the following: Discussion of the new and revised auditing standards effective for reporting periods ending on or after 15 December 2016. Further guidance in relation to engagement acceptance in light of recent ATO activity. Details of the ATO�s �safe harbour� guidelines contained in PCG 2016/5 regarding related party limited recourse borrowing arrangements (LRBAs). Updated concessional contributions limits for 2016�17. Summary of the 2016�17 Federal Budget proposals and potential audit implications for superannuation contributions�and benefits and pensions. Additional sections on LRBAs and special circumstance benefit payments included in the �Audit documentation checklist�. Updated content in the �SIS compliance checklist� with reference to related party LRBAs and Budget proposals for non-concessional contributions. Members of the Chartered Accountants Australia and New Zealand are entitled to a discount on this publication. If the discount has not been applied, please refer to the Chartered Accountants�website�to access the promotional code.
