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FREE WEBINAR

What SMSF Auditors must ensure is included in Financial Statements due to COVID - 19 

 
 

Make sure you attend this webinar before you sign off next SMSF Audit Report

 

SMSF Auditors are signing off 30th June 2019 financial statements of funds without any mention of current market situation due to COVID - 19

Manoj Abichandani in this Webinar will show you:

 

- Accountants and Trustees obligations under Australian Accounting Standards
- What the auditor must do before signing off audit reports & 
- when to evoke Part A qualifications

 

Who must Attend: SMSF Auditors

FREE Webinar

When: 25th March Wednesday  

Time: 2.00 PM to 3.00 PM 

Cost: Free

How To Book: https://www.onlinesmsfaudit.com.au/BookWebinar.aspx

CPD RG243.100: Development on Superannuation - 1 Hour

CPD FASEA: Client Care and Practice - 1 Hour

Presenter: Manoj Abichandani ASIC Approved Auditor, SMSF Specialist (UNSW)

Manoj has worked in SMSF since 1988 and is SMSF Specialist (UNSW) and holds a Limited AFSL for SMSF. He was providing high level advisory services to over 600 funds in his own 3 partner CPA tax practice for 19 years and has written this online software. He currently works as SMSF Technical Support Team Leader at www.trustdeed.com.au 

He has hands on knowledge on what happens in a tax practice on high level of SMSF practical issues.

 


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ADVERTISEMENT

 

 

 

Once you register, you get to use the software for free for 5 SMSF's - Try before you buy. The fee to audit one fund is $17 plus GST or can be $7 plus GST, per fund if you buy 2,000 audit pack.

 

Click here to download list of features and brochure of online SMSF Audit  

Click here to start your free trial for 5 funds

 

We recommend that you join SMSF Auditors Association of Australia LTD which offers 20 hours of Annual CPD via 20 online webinars for a low fee of $240 + GST. To Join visit www.smsfaaa.com.au

 


 

How CPD Works

ASIC Approved SMSF Auditors

Section 128F(a) of SIS Act : An approved SMSF Auditor must: (a) complete the continuing professional development requirements prescribed by the regulation.

SIS Reg 9A.04 : (2) The approved SMSF auditor must undertake at least 120 hours of continuing professional development every 3 years.

(3) The development must: (a) include 30 hours of development about superannuation at least 8 hours of which is development about auditing of self managed superannuation funds; and

(b) be development that could reasonably be expected to enhance an approved SMSF auditor's technical skills or professional service delivery.

 

AFSL Holders - FASEA Requirements

The Corporations Act 2017 (the Act) requires that all individuals identified as a ‘relevant provider’ are required to meet the requirements for continuing professional development set by the Standards Body (s 921B(5)). The Act requires the Standards Body to set requirements for continuing professional development in relation to each CPD year of a financial services licensee (s 921U(2)(iv)).

Part 7.6 of theCorporations Act 2001 Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018

The minimum number of hours of qualifying CPD activities that a relevant provider must complete during a CPD year is 40. If the relevant provider has a responsible licensee, at least 70% of the minimum number of hours must be spent on qualifying CPD activities approved by the licensee.

Note 1: This means that  any AFSL holder working full time at least 28 hours will have to be spent on approved activities.

 

 

Content of CPD activity

 

CPD area

Minimum Hours

1

The activity is designed to enhance participants’ technical proficiency and ability to develop and provide advice strategies that are appropriate to the objectives, financial situations and needs of different classes of retail clients.

 

Technical competence

     5

2

The activity is designed to enhance participants’ ability to act as a client-centric practitioner in advising retail clients.

 

 Client care and practice

     5

3

The activity is designed to enhance participants’ understanding of applicable legal obligations and how to comply with them.

 

Regulatory compliance and consumer protection

     5

4

The activity is designed to enhance participants’ capacity to act as an ethical professional.

 

Professionalism and ethics

     9

5

The activity is designed to maintain and extend participants’ professional capabilities, knowledge and skills, including keeping up to date with regulatory, technical and other relevant developments, but is not in an area referred to in another item of this table.

 

     General

 

 

 

 

 


 

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