How It Works

Wise Audits SMSF Audit Process

At the heart of our SMSF audit service is innovation, designed to make your workflow smoother, faster, and more reliable. We’ve reimagined the traditional audit process, offering a seamless, technology-driven solution that saves you time and enhances compliance. Tailored specifically for accounting firms, tax agents, and financial planners, our approach combines security, ease of use, and transparency, so you can focus on what truly matters—delivering exceptional service to your clients.

Initial Consultation

We start with a free consultation to understand your SMSF audit needs and explain our services.

01

Engagement and Agreement

Submit a signed Engagement Letter and Trustee Representation Letter to engage us for your SMSF Audit.

02

Document Submission

Option 1 - Give us auditor access to BGL360 or Class and upload all your documents in software itself.

Option 2 – Cloud-Based Audit Software: Access our cloud-based audit software to upload/download documents and manage queries securely.

Option 3 – Dropbox/OneDrive - Share your documents via Dropbox or OneDrive.

03

Audit Process

Review: Our auditors review all documentation, contacting you for any clarifications as needed.

Query Resolution: Any discrepancies are communicated and resolved promptly.

04

Audit Report

Completion: Once the audit is complete, we provide an Audit Report highlighting key findings and recommendations.

Payment: The audit fee is paid upon report completion.

05

Lodgement and Compliance

Tax Return: Proceed with lodging the SMSF Tax Return with the ATO.

Contravention Reporting: If applicable, we lodge a contravention report and offer guidance on corrective actions.