Gerard Hughes

Name
Gerard Hughes
ID
100261158
ABN
Registration date
Aug. 17, 2015
Status
Registered
Address
Five Dock, 2046, NSW

Capacities

Appointment type
Individual Auditor
Date commenced
Aug. 17, 2015

Conditions

IDDateConditionDetails
1-17015339986Aug. 17, 2015Notifications to ASICThe 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.
1-17015339984Aug. 17, 2015Compliance with auditing standardsThe 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.
1-17015339982Aug. 17, 2015Professional indemnity insurance requirementsThe approved SMSF auditor must at all times maintain a professional indemnity insurance policy which either: i) complies with the level set under a limitation of liability scheme provided by a professional organisation; or ii) has a minimum insured amount of $500,000 together with adequate policy terms covering civil liability claims in respect of SMSF audits.
1-17015339970Aug. 17, 2015Continuing professional development requirementsThe 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. 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.
1-17015339968Aug. 17, 2015Auditor independence requirementsThe 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.
1-17015339966Aug. 17, 2015Compliance with auditing and assurance standardsThe 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.
1-17015339964Aug. 17, 2015Compliance with competency standardsThe approved SMSF auditor must comply with any competency standards published by ASIC under section 128Q of the SIS Act.

Location