Why can't the accountant who does my SMSF tax return also audit it?

Independence between the return preparer and the auditor is a legislative requirement under the SIS Act, designed to protect fund members.

What happens if my SMSF audit identifies a compliance breach?

Breaches are reported to the ATO as required. We work with trustees beforehand to minimise the risk of breaches occurring.

How long does an SMSF audit take?

Timing depends on fund complexity and how complete the records provided are. We'll give you a clear timeframe once engaged.

Self Managed Superfund

Independent SMSF Auditing for Trustees Across Australia

Every SMSF requires an independent annual audit under the SIS Act. We make sure yours is thorough, compliant, and completed on time, regardless of where the fund's trustees live.

Call +61 403 868 231 to arrange your SMSF audit

Overview

An Annual Obligation, Not an Option

Every self-managed super fund in Australia must be audited annually by an approved SMSF auditor, independent of whoever prepared the fund's financial statements and tax return.

This isn't optional, it's a condition of maintaining the fund's complying status under the SIS Act, and it applies the same way to a fund in any state or territory.

What We Cover

Annual financial statement audit
Compliance audit against SIS Act requirements
Review of the fund's investment strategy and sole purpose test adherence
In-house asset and related-party transaction checks
Audit report preparation for lodgement with the fund's tax return

Regulatory Context

Governed by the SIS Act 1993 and ATO regulatory oversight nationally. Independence between audit and return preparation is a legislative requirement. We structure our SMSF service delivery to maintain this separation properly, in line with professional standards.

How it works

Our Process

01
Documentation Review
Fund documentation and financial statement review, via secure portal.
02
Compliance Testing
Compliance testing against SIS Act requirements.
03
Audit Report
Audit report preparation.
04
Delivery & Coordination
Delivery to trustee and coordination with tax return lodgement.

Who it's for

Suited To

SMSF trustees due for their annual audit
Funds recently established requiring their first audit
Trustees who have received a qualified audit report elsewhere and need it resolved
Corporate trustees managing multiple related funds

FAQs