Anthony Boys

Name
Anthony Boys
ID
100014140
ABN
Registration date
March 25, 2013
Status
Registered
Address
Adelaide, 5000, SA

Capacities

Appointment type
Individual Auditor
Date commenced
March 25, 2013

Conditions

ID Date Condition Details
1-55677806250 July 20, 2023 Notification to professional body 25. Within one month of these further conditions being imposed the approved SMSF auditor must provide: (a) a copy of the letter formally imposing these further conditions to their professional body to be aware of the conditions for any future compliance monitoring activity in relation to the auditor, such as practice reviews; and (b) evidence to ASIC that the letter has been provided to the professional body.
1-55677806249 July 20, 2023 Competency exam 5. Within 12 months of the conditions being imposed, the approved SMSF auditor must sit and on first attempt pass the SMSF auditor competency exam. 6. The auditor must provide to ASIC within one (1) week of completing the exam, evidence of the successful completion and passing of the SMSF auditor competency exam.
1-55677806248 July 20, 2023 Additional CPD 22. The approved SMSF auditor and all of their professional staff must undertake the following additional continuing professional development (CPD) within six (6) months from the date the conditions are imposed, which is in addition to the CPD required under s128F(a) of the SIS Act: (a) Successfully complete a course of study in relation to the requirements of an SMSF audit, including the SIS Act requirements of at least an additional seven and a half (7.5) hours provided by Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia (CPA) or The Institute of Public Accountants (IPA), or a provider otherwise agreed by ASIC. 23. Prior to enrolment into the course of study, the approved SMSF auditor is to provide ASIC with details of the course outline and the course provider. The course must include the audit of potential related party transactions and audit evidence/documentation. 24. Within six months and one week of the condition being imposed the approved SMSF auditor must provide evidence to ASIC of their and their staff''s completion of the course.
1-55677806247 July 20, 2023 Independent Review 11. The approved SMSF auditor must have ten of their SMSF audits for the financial year ended 30 June 2023, or year end otherwise agreed by ASIC, reviewed by an independent approved SMSF auditor. The SMSF audits to be reviewed will be selected by ASIC. The selection of reviewing auditor must be agreed to by ASIC. 12. By 31 May 2024 (or a date otherwise agreed by ASIC) the approved SMSF auditor must provide ASIC the name and contact details of a proposed independent reviewer. 13. By 30 June 2024 (or a date otherwise agreed by ASIC) the approved SMSF auditor must provide a list of all SMSFs that they are appointed auditor for the financial year ended 30 June 2023 (or a year end otherwise agreed by ASIC). The list is to include information such as total assets of the SMSF and dates the SMSF audit was commenced and completed. ASIC will then choose ten SMSF audits that the approved SMSF auditor will submit for review by the independent reviewer. 14. The reviewer must be engaged at the approved SMSF auditor''s expense to review the audit files in accordance with these conditions. 15. Within two weeks from when ASIC notifies the approved SMSF auditor of the audit files selected the auditor must provide the files to the reviewer. 16. ASIC must receive a written report from the reviewer within 45 days after receiving the audit files. The reviewer''s report must include the scope of the review, the reviewer''s opinion based on their review as to whether the audits were conducted in accordance with the applicable Australian Auditing Standards and the SIS Act, and as attachments the review checklists completed for each audit file. The review checklists will be provided by ASIC. The reviewer''s report must describe any deficiencies in the audits identified by the reviewer.
1-55677806246 July 20, 2023 Review tools, templates and methodology 17. The approved SMSF auditor must engage an independent approved SMSF auditor (independent reviewer) to undertake (a) a review to determine that the quality control systems of the Firm have been developed, documented and implemented in compliance with the requirements of ASQC 1; and (b) a review of their SMSF audit tools, templates and methodology. 18. The independent reviewer is to be someone agreed to by ASIC. 19. The review of compliance with ASQC 1 is to ensure that your practice has the relevant quality control systems in place to be able to operate appropriately. The review of the audit tools, templates and methodology is to assess compliance with the auditor''s relevant SIS Act requirements and SMSF auditing and assurance standards. These reviews are to be conducted at the approved SMSF auditor''s expense. 20. Within one month from the date of this condition being imposed the approved SMSF auditor must provide the name and contact details of a proposed independent reviewer for ASIC to consider along with a statement about their independence. The reviewer must not be engaged until ASIC provides approval to do so. 21. Within four months of this condition being imposed the independent reviewer is to complete their review of compliance with ASQC 1 and SMSF audit tools, templates and methodology. The independent reviewer must have provided written observations to the approved SMSF auditor and the approved SMSF auditor is to have provided written responses, including actions to address any issues raised. The independent reviewer''s written comments and the approved SMSF auditor''s responses are to be provided to ASIC within five months of this condition being imposed.
1-55677806245 March 25, 2013 Compliance with auditing standards 10. 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.
1-55677806244 March 25, 2013 Compliance with auditing and assurance standards 9. 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.
1-55677806243 March 25, 2013 Auditor independence requirements 8. 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.
1-55677806242 March 25, 2013 Compliance with competency standards 7. The approved SMSF auditor must comply with any competency standards published by ASIC under section 128Q of the SIS Act.
1-55677806241 March 25, 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.
1-55677806230 March 25, 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.
1-55677806229 March 25, 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.

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