Where to now for super?

What every SMSF auditor and adviser needs to know right now

Super-ssentials II
All the essentials in one training day for SMSF auditors and advisers
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Designed for SMSF auditors and advisors, this is the complete course covering the key SMSF issues you need to know right now!

Super-ssentials II brings you up to date with recent developments from the Cooper review and what they mean to SMSF auditors and advisers right now, what you can expect to see, and what to do about it. In one day we will take you through the key issues for the audit of SMSFs for the 2011 years, the top super strategies, and incorporate updates on the latest happenings in superannuation. The requirements for auditors are higher than ever. This program demystifies what is expected and counts toward the competency requirements. Beyond this, you will have clients who want to discuss

Super-ssentials II training day outline

SUPER STRATEGIES FOR SMSFs

Whats new?
Super-ssentials incorporates key recent changes and shows you how they impact on your processes, procedures and strategies including:
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l Transition to retirement l Anti detriment payments

l Borrowing through an SMSF l Taking an SMSF into pension phase l Running multiple accounts in the l Segregation strategies

getting some of your contribution tax back

one fund

THE FINANCIAL STATEMENT AUDIT

What you must know about the ATOs new pension ruling The new reporting obligations for SMSF Auditors from 1 July 2011 Clarifying related trust investments for SMSFs The ATOs current stance on Business Real Property inside a SMSF The new legislation around collectables in SMSF and what your clients need to consider now First year funds audited for borrowings

l Being an approved auditor l Prescribed independence requirements l Your audit plan and audit program l The impact of accounting standards and notes l Evidence expectations l What the ATO will be looking for l Working paper expectations l Your audit report l What value has to be disclosed in the accounts l Meeting APES 320 requirements l Tax effect accounting requirements

to the accounts

THE COMPLIANCE AUDIT

l All of the SIS requirements including: l Meeting the definition of a SMSF l Sole purpose test l Related party transactions l Investment strategy l Segregation of assets l Meeting SMSF requirements l Your audit program l Dealing with breaches, what to

advise the trustees and when you have to issue a contravention report l Requirements of your management letter l ATO audit activity

their plans and superannuation strategies with you. We take you through the key strategies for SMSFs and their implications. Super-ssentials uses real life examples and case studies to test and develop your thinking. Designed for those in SMSF advice or audit. An excellent training day for staff and relevant for Seniors to Partners.

Very full on, but very informative. Well structured.

Feb 2011 participant

If there was one super course to attend in 2011 this would be the one!

Bring a calculator

Difficulty level 3.5/5

6.75 PD Hours

AUDIT DOCUMENTATION

Knowing what to do is one thing, but having a full document pack that satisfies quality control, base regulator requirements and can maintain operating efficiency, is another.

Very informative with lots of real life examples provided.

Feb 2011 participant

Included in your notes you will receive:

l Engagement letters l Audit plan l Financial statement audit program l Compliance audit program l Trustee representation letter l Audit finalisation report l Checklists l Pro forma letters and minutes l Contravention report process

CLIENTS ASKING YOU ABOUT SPECIFIC SMSF STRATEGIES?

(management letters)

If you have clients with self managed funds they will be talking to you about specific super strategies and the tax and SIS impacts. Whether it is transition to retirement, borrowing through their SMSF, taking their fund into pension phase, segregation or accessing anti detriment payments we will take you through each of these. Well explain them in detail and outline at a practical level what is required and the issues you should be mindful of.

TEST YOUR KNOWLEDGE & WORKSHOP THE ANSWERS

During the day we will look at our case study and some of the exercises, designed to test your thinking on the key areas of your audit. Dealing with real life scenarios, typical to what you face, is one of the most effective forms of learning. You have the opportunity to not only share your thinking but to hear what your colleagues in the room think. And of course we will give you our answers.

e Sh g d wle ? o n a K mber Not Me

op

Seriously? Contact us on 1800 800 232 or email joinus@ knowledgeshop.com.au to see how we can make a difference to your practice

Our presenter
Garth heads Hayes Knights Superannuation Division in Sydney. He has a wealth of knowledge and practical experience in superannuation and leads the superannuation technical support for Hayes Knight and the Knowledge Shop membership. Garth is a specialist member of the Self Managed Superannuation Fund Professionals Association of Australia (SPAA) and is a regular writer and speaker on superannuation issues and strategies.

Garth McNally, Director, Hayes Knight

Terms & conditions

All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy where no refunds are provided for cancellations received within 14 days or less of the event date. Please see www.knowledgeshop.com.au (go to events & training) for details.

Dates, venues & details

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Sydney Monday, 31 October 2011 Swisstel Sydney Level 8, 68 Market Street, Sydney Melbourne Thursday, 10 November 2011 Mantra On Russell 222 Russell Street, Melbourne Brisbane Tuesday, 22 November 2011 Sebel & Citigate Cnr Ann & Roma Streets, Brisbane Perth Tuesday, 29 November 2011 Pan Pacific 207 Adelaide Terrace, Perth

Time l 8:30am - 9:00am registration l 9:00am 5:00pm training day Investment

Early Bird - Payment must be received by Friday, 30 September 2011 l $595 (GST incl) Knowledge Shop member price
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$655 (GST incl)

General l $665 (GST incl) Knowledge Shop member price l $725 (GST incl) Notes only (electronic only) l $425 (GST incl) includes workpapers where
included in the program

Super-ssentials II registration
Where m Sydney m Melbourne m Brisbane

Phone | 1800 800 232 Fax | 02 8916 4261 Mail | GPO Box 4565, Sydney NSW 2001 Online | www.knowledgeshop.com.au m Perth

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