SCC AA minutes, April 2011

4. 2011 SMSF independent audit report

The proposed 2011 SMSF independent audit report was discussed and feedback sought from members.

Sharif Eldebs mentioned that APRA had changed the word 'opinion' with 'conclusion' but that the ATO had not made the same change.

Tony Xinis advised that changes to the instrument for the new audit report means the report would be able to be submitted electronically to clients, which was well received by members.

Liz Westover, ICAA advised that she had received a number of comments and would collate them and respond to the ATO out of session.

Earlier email message to forum members required feedback by close of business Friday the 8th April.

Sections within Agenda items

• 1. Open and introductions
• 2. Professional to professional pilot
• 3. 2011 Auditor contravention report
• 4. 2011 SMSF independent audit report
• 5. Low volume auditors
• 6. Appointment of an auditor if no return is required
• 7. eSAT
• 8. Stronger Super
• 9. Other business