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Home Podcasts

Revisiting engagement letters following the revised APES 305

With the Accounting Professional and Ethical Standards Board Limited (APESB) recently updating APES 305 Terms of Engagement, ASF Audits head of education Shelley Banton explains what the revised standard means for SMSF firms. 

by Robyn Tongol
February 3, 2021
in Podcasts
Reading Time: 1 min read

Shelley chats to hosts Aaron Dunn and Miranda Brownlee about what details SMSF professionals will need to include in their engagement letters once the revised standard applies in relation to outsourced services and cloud computing. 

She also discusses the need for firms to establish policies and procedures designed to manage risk and put appropriate quality-control requirements in place. 

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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