The Auditing and Assurance Standards Board (AUASB) today [Mon 30.9.2013] released updated Guidance Statement GS 009 Auditing Self-Managed Superannuation Funds (GS 009).
The AUASB said the revised Guidance Statement identifies, clarifies and summarises the existing responsibilities which approved self-managed superannuation fund (SMSF) auditors have with respect to conducting SMSF audit engagements, and provides guidance to the auditor on matters which the auditor considers when planning, conducting and reporting on the financial and compliance engagement of a SMSF audit.
The appendices to GS 009 include an example engagement and representation letter, illustrative trust deed checklists and financial audit procedures, and illustrative examples of threats to the auditor’s independence. It replaces the previous version, issued in August 2011.
[LTN 189, 30/9/13]