Audit of SMSFs - SIS Compliance Auditing Workshop

SMSF audits, the SIS Act & SIS Compliance

Locations  Event dates   
LiveOne Series Register
LiveOne Session 1 Monday, 24 November 2014 Register
LiveOne Session 2 Tuesday, 25 November 2014 Register
LiveOne Session 3 Wednesday, 26 November 2014 Register


Stay up-to-date with the latest SIS compliance rules and audit requirements to ensure your clients’ Self-Managed Superannuation Fund (SMSF) audits are in safe hands. This workshop supports you in fulfilling the professional accounting bodies' ongoing audit competency requirements (Regulation 7), by keeping you up-to-date with the latest standards and rulings.

Designed for experienced SMSF auditors who work within small to medium accounting firms conducting SMSF audits, this face-to-face workshop is interactive and explores the audit scenarios you may encounter when conducting SMSF audits.

LiveOne online training

The popular Audit of SMSFs - SIS Compliance Auditing Workshop is also offered as three 2-hour LiveOne online training sessions. The sessions will provide delegates with an overview of the key audit issues and what is required for 2014 SMSF Audits. It will focus on the changes for the 2014 year, the changes in forthcoming rules and the ATO approach to auditors and audit reporting.

Case study materials will be provided in advance of the training dates to ensure you get the most from the sessions. You should come prepared to ask questions based on your reading of the case study materials.


Session Timetable

You can now access this series via LiveOne OnDemand
Choose the recording option when completing your registration and we will email you a link to the recorded session, complete with course materials, for you to watch at your own convenience.

This series will be available OnDemand until:

  • Date & Time: Monday, 26 January 2015 - Monday, 26 January 2015 -
  • Venue: LiveOne

Monday, 26 January 2015

Time Session CPE HRS
- Auditing Standards & Contributions 2

Monday, 26 January 2015

Time Session CPE HRS
- Benefit Payments & Investment Restrictions 2

Monday, 26 January 2015

Time Session CPE HRS
- Related Parties, In-House Assets & Auditor Reporting 2

Learning Outcomes

Learning outcomes:

Using practical scenarios, this workshop will review some of the SIS compliance aspects of a SMSF audit. At the completion of this face-to-face workshop or three part LiveOne online training series delegates will have a thorough understanding of:

  • The skills and knowledge to conduct an audit under the current SIS compliance audit requirements and understand their application
  • An understanding of the impact of new compliance audit requirements and any new legislative changes
  • Some of the more challenging scenarios you may face in conducting SMSF audits
  • The auditor’s reporting obligations.

Who should attend:

This specialist SIS Compliance Auditing Workshop is designed for experienced SMSF auditors who work within or advise small to medium accounting firms providing SMSF audits. This workshop will benefit those seeking to satisfy the professional accounting bodies’ ongoing SMSF auditor competency requirements.



Bonus Offer

Audit Guide and Toolkit for SMSFs 2013

Delivering practical information and tools for immediate application, the 2013 edition of the Institute's Australian Audit Guide and Toolkit for SMSFs assists audit practitioners in dealing with the demands of this challenging area.

Register for either the face-to-face or LiveOne sessions before 1 September 2014 to receive the special delegate price.

Delegate                $196.01* ($280.01* RRP)

(Published by Thomson Reuters)

*All prices are in AUD and include GST where applicable.

Note: Once registered the Institute will email the details for obtaining the special purchase price.


Workshop Inclusions

Delegates will receive: 

  • PowerPoint slides
  • A detailed case study to work through.

Delegates are required to bring a calculator to this workshop.


Package & Pricing


  • Standard $630.00
  • Regional $504.00


  • Standard $756.00


Early Bird: Applicable for registration received with full payment by the early bird closing dates: Perth - 14/02/14, Brisbane - 24/02/14, Melbourne - 06/03/14, Sydney - 07/03/14, Adelaide - 10/03/14. Applies to face-to-face workshops only.

Regional: Members in regional areas (125km from venue) and/or travelling interstate. Applies to face-to-face workshops only.

All prices are in AUD and include GST. Only one discount is applicable at a time, ie. discount offers cannot be combined. Each face-to-face workshop includes morning tea, lunch and afternoon tea.

American Express
Register and pay with your Chartered Accountants American Express Card - the Institute's preferred payment option. For more information, visit

Payment options:

American Express, Visa and Mastercard accepted cheque accepted Register

Search for another course

Session Description

Monday, 26 January 2015

Auditing Standards & Contributions

Session 1: Auditing Standards & Contributions

  • Financial Statement Audit Requirements
  • Auditing Valuation of Assets
  • Contributions - SIS compliance
  • Contributions - tax consequences
  • Auditor reporting in relation to contributions
  • Audit evidence for contributions
  • Auditor reporting in relation to contributions
  • Contribution changes for 2014/15.

Monday, 26 January 2015

Benefit Payments & Investment Restrictions

Session 2: Benefit Payments & Investment Restrictions

  • Auditing Member Accounts
  • Conditions of release
  • Pensions & Lump Sum Benefits
  • Income tax consequences for pensions & benefits
  • Investment restrictions.

Monday, 26 January 2015

Related Parties, In-House Assets & Auditor Reporting

Session 3: Related Parties, In-House Assets & Auditor Reporting

  • Investments in private entities (including related parties & in-house assets)
  • Reporting to the Trustee
  • Assessing audit errors
  • Reporting to the ATO
  • Completing the Auditor Contravention Report. 


  • Shirley Schaeffer

    Shirley Schaefer FCA

    Partner – Superannuation, BDO Advisory (SA) Pty Ltd & BDO Audit (SA) Pty Ltd

    Shirley has been with BDO in Adelaide for 20 years and has headed up the Superannuation Division for most of that time. She is also BDO’s National Superannuation Director and a SMSF specialist. Shirley is recognised for her technical and training expertise and is often called on for comment by the media. She is an auditor by training but a SMSF specialist by choice, recognising in 1996 the need for specialist compliance services to the SMSF sector of the superannuation industry.

For more information

Last Updated 30 November 2012