EMANUEL ARAPIDIS

Name
EMANUEL ARAPIDIS
ID
100080724
ABN
Registration date
May 15, 2013
Status
Registered
Address
Mascot, 2020, NSW

Capacities

Firm name
ARAPIDIS & PARTNERS PTY LTD
Appointment type
Employee of Audit Firm
Date commenced
May 15, 2013

Conditions

ID Date Condition Details
1-58786080878 May 15, 2013 Compliance with auditing standards 9. 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.
1-58786080877 May 15, 2013 Compliance with auditing and assurance standards 8. 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.
1-58786080876 May 15, 2013 Auditor independence requirements 7. 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.
1-58786080875 May 15, 2013 Compliance with competency standards 6. The approved SMSF auditor must comply with any competency standards published by ASIC under section 128Q of the SIS Act.
1-58786080874 May 15, 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.
1-58786080873 May 15, 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.
1-58786080872 May 15, 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.
1-58786080871 Feb. 8, 2024 Compliance with CPD requirements 5. The approved SMSF auditor must provide ASIC with proof of the auditor''s compliance with the CPD requirements of s128F(a) of the SIS Act and the regulations every 12 months from the date that the condition has been imposed for a period of three years.
1-58786080870 Feb. 8, 2024 Notification of conditions to professional body 12. 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.
1-58786080869 Feb. 8, 2024 Audit restriction 10. 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).
1-58786080868 Feb. 8, 2024 Independence threat review 11. 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.

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