IMPORTANT This document contains some common questions that auditors may find helpful in conducting the audit

t of Self-Managed Superannuation Funds. It is not intended to be an exhaustive list of all the questions and areas that an auditor may consider in performing a fraud and controls assessment in accordance with the requirements of the auditing standards. The questions must be tailored to the individual circumstances of each client. CONTROLS AND FRAUD QUESTIONNAIRE Fund Name: !a"an#e Da$e: I$em ! #!!$ Prepared by: "uneDa$e: Revie ed by: Da$e: D%ne R e &

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'(i#( %& $(e &%""% in) #%n$r%"* d%e* $(e $ru*$ee (ave in p"a#e+ &an' reconciliation Frequency(((((((((((((((( Two signatories for all transactions Internet transaction protections i.e. security to'ens )se of one share trading account *es + ,o

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D% y%u u*e %n"ine *(are $radin) e,), via C%m*e# %r *imi"ar pr%vider+ If yes- document how do all trustees confirm or validate transactions. /.g. minutes

'(ere $(ere i* m%re $(an %ne $ru*$ee (% d% y%u en*ure $ran*a#$i%n* are %##urrin) &%r $(e bene&i$ %& a"" member*+ 0ocument how all trustees are involved in investment decision ma'ing. /.g. discussions and minutes

1.

D%e* any per*%n %$(er $(an a $ru*$ee %& $(e &und (ave permi**i%n $% en$er in$% $ran*a#$i%n* %n be(a"& %& $(e &und i,e, *i)n #(e-ue*. m%ve inve*$men$*+ If yes- what method of confirming or validating transactions is used. D%e* $(e &und u*e a p%r$&%"i% *ervi#e $% mana)e inve*$men$ rep%r$in)+

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2.

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If yes- is an audit report on the provider3s internal controls available. If no- the auditor will require additional information to confirm the fund3s assets ownership and existence.

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