Linan Browne

Name
Linan Browne
ID
100267301
ABN
Registration date
June 25, 2018
Status
Registered
Address
Mosman, 2088, NSW

Capacities

Firm name
Wealthmall Business Services Pty Ltd
Appointment type
Member (Partner) of Audit firm
Date commenced
June 25, 2018

Conditions

ID Date Condition Details
1-29512444231 June 25, 2018 Audits to be reviewed The approved SMSF auditor must, for the first three self-managed super funds (SMSFs) for which they are the appointed auditor (the specified funds to be agreed to by ASIC), submit immediately upon their completion the audit files for review by an independent approved reviewer (to be approved by ASIC and engaged by the approved SMSF auditor). The independent approved reviewer is to provide a statement in writing to ASIC within 90 days of the signing of the approved SMSF auditor's report as to whether in the independent approved reviewer's opinion, based on their review the audits have been conducted in accordance with the applicable Australian Auditing Standards and the SIS Act. These reviews are to be conducted at the approved SMSF auditor's expense.
1-29512444230 June 25, 2018 Additional training The approved SMSF auditor must, within 6 months from the date of registration and before issuing any audit reports as an approved SMSF auditor, successfully complete courses of study in the audit of self-managed superannuation funds (including SIS Act requirements) provided by the Chartered Accountants Australia and New Zealand, CPA Australia or a provider otherwise agreed to by ASIC, of not less than 15 hours duration. This study is in addition to the continuing professional development requirements required under s128F(a) of the SIS Act and prescribed by sub-regulation 9A.04(3) of the SIS Regulations. Within one month after completing this course of study, and before issuing any audit reports as an approved SMSF auditor, the auditor must give ASIC documentation evidencing the successful completion of the course and its duration, syllabus and provider.
1-29512444229 June 25, 2018 Compliance with competency standards The approved SMSF auditor must comply with any competency standards published by ASIC under section 128Q of the SIS Act.
1-29512444228 June 25, 2018 Compliance with auditing and assurance standards 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.
1-29512444227 June 25, 2018 Auditor independence requirements 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.
1-29512444226 June 25, 2018 Continuing professional development requirements 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. 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.
1-29512444225 June 25, 2018 Professional indemnity insurance requirements The 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.
1-29512444224 June 25, 2018 Compliance with auditing standards 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.
1-29512444223 June 25, 2018 Notifications to ASIC 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.

Location