Alexander Papazoglou

Name
Alexander Papazoglou
ID
100215978
ABN
Registration date
June 26, 2013
Status
Registered
Address
South Melbourne, 3205, VIC

Capacities

Appointment type
Individual Auditor
Date commenced
June 26, 2013

Conditions

ID Date Condition Details
1-57405114634 June 26, 2013 Compliance with auditing standards 8. The approved SMSF auditor must document, maintain and comply with auditing standards made by the Auditing and Assurance Standards Board under section 336 of the Corporations Act 2001 that are applicable to the duties of an SMSF Auditor.
1-57405114633 June 26, 2013 Compliance with auditing and assurance standards 7. The approved SMSF auditor must document, maintain and comply with auditing and assurance standards made by the Auditing and Assurance Standards Board under section 227B of the Australian Securities and Investments Commission Act 2001 that are applicable to the duties of an SMSF Auditor.
1-57405114632 June 26, 2013 Auditor independence requirements 6. The approved SMSF auditor must comply with auditor independence requirements produced by the Accounting Professional and Ethical Standards Board Limited set out in the APES 110 Code of Ethics for Professional Accountants.
1-57405114631 June 26, 2013 Compliance with competency standards 5. The approved SMSF auditor must comply with any competency standards published by ASIC under section 128Q of the SIS Act.
1-57405114630 June 26, 2013 Continuing professional development requirements 3. The approved SMSF auditor must complete at least 120 hours of continuing professional development (CPD) training every three years, which must include 30 hours of training on superannuation, of which at least 8 hours of training is about auditing of SMSFs. 4. The approved SMSF auditor must keep a written record of their participation in CPD activities, which must be kept for at least three years after the end of the calendar year in which the activity took place.
1-57405114629 June 26, 2013 Professional indemnity insurance requirements 2. The approved SMSF auditor must at all times maintain a professional indemnity insurance policy which either: (a) complies with the level set under a limitation of liability scheme provided by a professional organisation; or (b) has a minimum insured amount of $500,000 together with adequate policy terms covering civil liability claims in respect of SMSF audits.
1-57405114628 June 26, 2013 Notifications to ASIC 1. The approved SMSF auditor must notify ASIC of any change in those matters which are required to be notified under section 128H of the SIS Act.
1-57405114627 Nov. 9, 2023 Notification of conditions to professional body 11. Within one month of these conditions being imposed, the approved SMSF auditor must: (a) provide a copy of the letter formally imposing the conditions to their professional accounting association for consideration in any future compliance monitoring activity in relation to the auditor, such as practice reviews; and (b) provide evidence to ASIC that the letter has been provided to the professional accounting association.
1-57405114626 Nov. 9, 2023 Audit restriction 9. The approved SMSF auditor must not audit a SMSF where the auditor, their staff or their firm has or is providing services, including preparing financial statements, where this would result in ''in-house'' audits being conducted as described in the scenarios of chapter 8.5.2, 8.5.3 and 8.5.6 of the APESB''s Independence Guide (fifth edition, May 2020).
1-57405114625 Nov. 9, 2023 Independence threat review 10. The approved SMSF auditor must: (a) conduct and document an independence threat review of all audit engagements performed within the 12-month period from when this condition is imposed. As part of the review, for each engagement the approved SMSF auditor must determine whether any of the scenarios included in chapter 8 of the Independence Guide (fifth edition, May 2020) are applicable and whether safeguards have been applied that are consistent with the guide. (b) The auditor is to provide ASIC a report on the review no later than 13 months from the date this condition is imposed. The report must confirm that the auditor has performed the required review and include details of the results. The details of the results are to include the audits reviewed (the name and Australian Business Number of the funds and the relevant financial years), which scenarios applied, and the safeguards adopted. The report must provide a declaration about whether they have complied with APES 110 independence requirements for all SMSF audit engagements performed after this condition was imposed.

Location