Every self-managed super fund needs an independent annual audit before its tax return is lodged. We handle the financial and compliance audit under the SIS Act, lodge the Auditor's Contravention Report where required, and turn most funds around in 10 business days.
An SMSF audit is the independent annual examination every self-managed super fund must complete under the Superannuation Industry (Supervision) Act 1993. It has two parts: a financial audit of the fund's accounts, and a compliance audit checking the fund met the rules the ATO enforces.
The audit has to be carried out by an auditor who is registered with ASIC and independent of the fund and its accountant. The fund cannot lodge its annual return until the audit is complete, so a slow auditor holds up the whole fund.
Trustees of self-managed super funds, and the accountants and administrators who prepare SMSF financials and need an independent auditor they can hand work to without chasing.
We quote a fixed fee per fund based on the assets held and the state of the records. Straightforward funds with clean accounts sit at the lower end. You get the fee in writing before any work starts, with no hourly surprises.
Most funds are completed within 10 business days of receiving complete information. If the records are clean and the prior year papers are available, it is often faster.
Yes. That is the normal arrangement. Independence rules only prevent us from auditing a fund where we also did the accounting or advice, so using a separate auditor like us is exactly what the rules intend.
If the fund breaches a rule that meets the ATO reporting tests, the auditor must lodge an ACR. We prepare it, lodge it, and tell you in plain terms what the trustees should do next. A contravention does not automatically mean a penalty.
Yes. The audit is done from records you send electronically, so we audit funds in every state and territory.
Tell us about the entity and the financial year, and we'll come back with a fixed-fee quote within one business day.