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 Shirley Schaefer Presents: Challenges in Conducting the SMSF Audit - 3 program on demand webinar series

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SMSF auditors face a raft of difficult technical issues when conducting the audit. In this 3 part webinar series, learn directly from leading SMSF audit expert Shirley Schaefer on the key challenges auditors need to navigate in their daily practice, with a focus on super contributions, auditing pensions, as well as auditing the death of a member.

Program 1:  Super Contributions and the SMSF Auditor’s Role

Contributions have a wide definition under taxation rulings, so the auditor has a consequentially important function. This session looks at the key areas, including:

  • Type and tax status of contributions
  • Understanding different types of concessional contributions
  • Understanding trust deed requirements in respect to contributions
  • Update on recent changes to contribution rules
  • Changes to work test and spouse contributions
  • Change to bring forward rules on non-concessional contributions
  • The auditor’s role in relation to contributions
  • Practical case studies

Program 2:  Auditing Pensions - Getting That Check List Right

This session provides a practical focus on what must be checked when a fund is in pension phase. It includes:

  • What does the ATO want auditors to check - an overview
  • Meeting an appropriate condition of release
  • Do the financial statements support the pension valuation?
  • Properly documenting any commutations
  • Calculation of exempt current pension income with respect to pensions
  • When the pension commenced, and payments have been paid
  • Meeting minimum pension payment requirements
  • Case study - some problem scenarios and what to watch

Program 3:  Auditing the Death of a Member in an SMSF

When a member dies there are several compliance matters that must be considered. This session looks at the key areas for auditors on the death of a member, including:

  • Reviewing compliance with regulations on cashing of members benefit on death
  • A review of fund administration - who has control of fund?
  • When the auditor should question who benefits have gone to
  • Have trustees observed a valid binding death benefit nomination?
  • Checking whether a death benefit has been cashed
  • Reviewing tax considerations in respect to death benefits
  • Checklist on relevant documentation required for audit purposes

Shirley Schaefer, Superannuation Partner, BDO, Adelaide

Shirley is an auditor by training and a SMSF expert by choice. Shirley leads the Superannuation team, at BDO in South Australia. She is a recognised industry expert and a passionate advocate of her clients, team and industry.

Shirley is a regular speaker at SMSF & Audit conferences.  She provides SMSF competency training for accountants and auditors and is the co-author of the Thomson Reuters SMSF Audit Guide. Shirley is the winner of the multiple national SMSF and SMSF audit awards in 2017 & 2018.

Webinar Series,Superannuation and SMSF audit,Shirley Schaefer Presents:  Challenges in Conducting the SMSF Audit - 3 program on demand webinar series


This on demand webinar series includes the following components:

  • Online access to the 3 video webinar programs - programs are 45 to 55 minutes in length on average
  • The 3 programs were recorded in July 2021 and will be available to subscribers online in early August 2021
  • Online access to the technical support papers and/or powerpoint presentations accompanying each program

This series will be marketed for $660 when it is released.

If you pre-purchase the series by 20 August 2021 you will pay only $495 – a saving of $165.


If you need assistance or have an enquiry, please do not hesitate to contact our Customer Service Team – contact Darren Steele on (03) 8601 7719 or email: [email protected]

© Television Education Network Pty Ltd 2021

Product Code: SGSAJUL21S
 Price:  $495.00 (Inclusive of GST)