Here we add some technical aspects around the auditing function for SMSF’s.
1.The Accounting and Auditing function should be segregated. This means an accountant can’t act as the auditor for the same Fund.
2. Auditing standards on SMSF’s.
GS009 Guidance Statement 009 was released in August 2011. The new version has been updated for:
It also includes a range of specimen documents including an engagement letter and audit report as appendices. This document can be viewed by following the link above.