Independent SMSF Audit Service
What information do we require
The SMSF information can either be sent to us via mail or uploaded electronically via our secure login.|
Our Audit requirements Guide (Click blue writing link) provides you with a basic checklist of information to send to us. We will then attend the SMSF Audit with a turnaround time within a week or two. |
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Why outsource your audit?
Independence
Auditor Independence has been a hot topic for a number of years now. The Cooper Review panel recommended the legislating full audit independence whereby an individual or firm providing any service in connection with a SMSF or its individual trustees or trustee directors in any capacity is to be expressly prohibited from auditing that SMSF.
Maintaining Standards
Another recommendation from the Cooper Review panel was that approved auditors be registered.
Approved SMSF Auditors are currently required by their professional bodies to comply with minimum professional and ethical standards. CPA Australia, the Institute of Chartered Accountants in Australia and the National Institute of Accountants have developed a set of competency requirements for auditors of self-managed superannuation funds (SMSFs).
Public practitioners who are auditing SMSFs must meet the following professional standards requirements:
hold a practicing certificate issued by the professional accounting body of which they are a member (CPA Australia, the Institute of Chartered Accountants in Australia or the National Institute of Accountants)
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have continuing professional indemnity cover
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undertake continuing professional development
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ensure that those who undertake work on their behalf have appropriate knowledge and experience, and are properly supervised in the conduct of the audit
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Further information
