Finding: Differences between the fund’s records and actual transactions.
Solution : Regularly reconcile accounts and ensure all transactions are accurately recorded.
Finding: Incorrect market value of fund assets.
Solution : Obtain independent valuations and ensure assets are valued at market rates.
Finding: Investments that do not comply with SMSF regulations.
Solution : Review investment strategy regularly and ensure all investments comply with ATO rules.
Finding: Missing or incomplete records of contributions, investments, and other activities.
Solution : Maintain detailed and accurate records, and use digital tools to streamline record-keeping.
Finding: Delays in lodging annual returns with the ATO.
Solution : Set reminders and ensure timely submission of all required documents.
Finding: Inadequate or incorrect valuation of property investments.
Solution : Ensure annual valuations are conducted and supported by relevant market data.
According to the Australian Taxation Office and Superannuation Industry Supervisory Act 1993, SMSF should be annually audited by ASIC-approved SMSF Auditor.
SMSF Trustees must provide all necessary documents to SMSF Auditor as per the Audit Checklist and if any further information and documentation are required, it must be provided within 14 days.
Independence has become a very important pre-condition for an SMSF auditor. Hence, you cannot have your friend or relative as auditor of your SMSF.
Client confidentiality is our highest priority and we have all systems in place to make sure that data security and integrity are maintained.
We work seamlessly with your existing processes. Whether you manage a few funds or hundreds, our streamlined system ensures efficient collaboration, secure document handling, and timely delivery of audit reports, allowing you to focus on your clients.
Yes, we cater to firms of all sizes. Our services are fully scalable, making it easy for you to manage bulk audits efficiently while maintaining high standards of quality and compliance.
Our standard turnaround time is 3–5 business days once all required documents are received. For urgent cases, we offer expedited services to meet your deadlines.
Absolutely. Our team has extensive experience auditing SMSFs with complex structures, including property investments, Crypto, related-party transactions, and diverse portfolios.
We communicate all audit queries promptly via a detailed Management Letter. You’ll receive clear and actionable steps to address discrepancies, ensuring smooth resolution without delays.
We offer competitive and customisable pricing for firms managing multiple SMSF audits. Request a free quote to explore a pricing model that suits your practice.
If a compliance breach is identified, we prepare and lodge the required contravention report with the ATO. Additionally, we provide detailed recommendations to help your clients rectify the issue.
Yes, we provide onboarding support to familiarise your team with our process. This includes training on document submission and understanding our audit requirements.
Our services stand out due to:
Getting started is easy! Contact us, provide signed engagement and trustee representation, and upload your documents securely. From there, we take care of the rest.
We offer end-to-end support, including answering queries, resolving discrepancies, and providing guidance on compliance issues. Our team is available to ensure a hassle-free experience for you and your clients.
Yes, we have the expertise to audit SMSFs with overseas investments. We ensure compliance with Australian regulations while reviewing international investments and related transactions.
Yes, we provide white-label solutions that allow you to present audit results under your brand, maintaining your client relationships while leveraging our expertise.
If records are incomplete, we will highlight the missing information and guide you on what’s needed to complete the audit. Our goal is to work collaboratively to resolve any issues.
Yes, we stay updated with the latest ATO regulations and compliance requirements. We provide insights and guidance to ensure your clients’ SMSFs meet current standards.
Yes, we audit funds with a history of non-compliance and assist in identifying corrective measures to bring them back into compliance.
We understand the importance of deadlines. For urgent cases, we offer expedited services with faster turnaround times, ensuring you meet your client commitments.
Yes, we are experienced in handling transitions from previous auditors. We will review past records and ensure a seamless continuation of the audit process.
In case of disagreements, we provide clear documentation and rationale for our findings. We are open to discussing and resolving issues in a professional and transparent manner.
While we focus on audits, we’re happy to guide you on best practices and compliance requirements to ensure smooth audits year after year.
We strictly adhere to the independence standards set by the ATO and other regulatory bodies. We maintain complete objectivity throughout the audit process.
We audit all types of SMSF investments, including:
Our audits are conducted by experienced professionals who follow strict quality assurance protocols, ensuring every detail is reviewed for accuracy and compliance.
The final report includes a comprehensive audit opinion, key findings, and, if applicable, a Management Letter detailing any compliance breaches or recommendations for improvement.
We assign a dedicated point of contact for your firm, ensuring efficient and clear communication throughout the audit process.
No, we operate on a transparent pricing model with no hidden or upfront fees. You only pay once the audit is completed.
Yes, we handle audits for SMSFs in the process of winding up, ensuring all compliance requirements are met before closure.
Yes, we provide cost-effective pricing for firms managing large volumes of SMSF audits. Contact us to discuss a customised pricing plan.
Yes, we do offer onshore SMSF audits upon request. If your firm or client has specific requirements for onshore audit processing, please contact us directly for a tailored quote.