This on-demand session is available to watch instantly after purchase at the time of your choosing and will expire within 12 Months of purchase.
Date recorded: October 2024
Join us for an essential webinar where the ATO will deliver critical updates on their recent SMSF auditor compliance activities.
Discover where auditors are falling short and gain insights into the ATO's May 2024 mailout, including expectations for market valuation reviews under regulation 8.02 of the SISA.
Additionally, get a comprehensive overview of the ATO’s key focus areas for the 2024-25 compliance program. Don’t miss this opportunity to stay informed and enhance your auditing practices.
Topics Covered
- Evidence and testing requirements of market valuations under regulation 8.02B.
- Auditor independence with a focus on in house audits
- Part A testing for the existence, ownership, rights and obligations of SMSFs assets
- Expectations for signing and retaining trustee declarations under regulation 104A
- Confirming that transactions were conducted at arm’s length under section 109
- Fund borrowings under section 67 including gathering appropriate documentation in relation to LRBAs
Benefits & Learning Outcomes
SMSF auditors will be better positioned to understand ATO expectations and the application of the SISA when completing their annual SMSF audits.
Meet Your Speaker, Paul Delahunty
Paul Delahunty has over 24 years of experience working in government regulatory roles and is the Director of the SMSF Approved Auditors area at the ATO. In this role, he is responsible for engaging with industry partners and leading the ATO’s compliance program for SMSF auditors.
Paul has a strong connection with professional associations and chairs the SMSF Auditors Professional Association Stakeholder Group, of which the IPA is a member.
