Are you concerned your staff might be exposing your firm to risk by checking ‘what they did last year’ to conduct their audit? Or perhaps problem areas are simply not being identified.
Are you too busy to train staff on the practical issues around SIS Compliance?
This session will focus on auditing compliance by SMSFs and introduce the concepts of SIS compliance surrounding investments. It will assist junior staff in understanding the following:
• The sole purpose test
• The basic borrowing exceptions
• Acquisition of asset rules and how to test compliance
• Related party investments and what to look for
• Asset valuation requirements
The webinar will be delivered using practical examples to assist in the understanding of the key legislative requirements, specifically addressing the audit risks. For part 2 please click here Introduction to SIS Compliance (2 of 2).
Webinar Learning Outcomes:
Attendees will gain an understanding of the key SIS requirements and how to audit compliance with these obligations.
Junior staff requiring an introduction into SMSF compliance and SMSF audit.
Belinda Aisbett is a director of Super Sphere Pty. Ltd., a specialist self managed superannuation company, where she is responsible for providing audit, consulting and training services in relation to self managed super funds. Belinda established Super Sphere in 2003 to specialise in SMSF auditing and audit related services, and is responsible for auditing around 1,000 funds per year. This is in addition to providing an SMSF Audit Toolkit to other auditing professionals and undertaking numerous training engagements each year. Belinda is a member of the ICAA, and holds a Bachelor of Business (Accounting). Belinda is also a specialist member of the SMSF Association, chairperson of their audit discussion group, and a member of the SMSF Association education and conference committees.
You will be provided with:
• PowerPoint presentation slide deck
• Any Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions
Managing risk through understanding SMSF SIS basics