SMSF Audit Process Explained
Audit Engagement
A successful relationship starts with an audit engagement letter. It is in the interest of both client and auditor that the auditor sends an engagement letter. The letter should be sent before the audit commences to avoid any kind of misunderstandings.
The engagement letter confirms that the auditor has accepted the appointment, scope involved during the audit and auditors responsibilities. Letter may involve more details depending on the audit performed.
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Audit Information
Once we are engaged in the Audit process, you will be requested to provide the documents. You will be guided by our expert auditor how to provide documents. We encourage you to provide the documentation in the electronic form.
We encourage you to submit all the documentation at once during the commencement of every audit process. We will be providing you with the checklist and the documentation templates for your easy, effective and efficient documentation process.
Please call us or email us for any queries, and we will be able to answer any of your questions related to SMSF Audit Process. We have a lot of experience under of belt and are independent audit firm.
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Audit Performed
SMSF Auditor will check if your funds are compliant to the latest super laws and the financial statements are correct. Audit should provide you information how the fund is progressing and should also provide the compliance to the existing laws. This audit is performed by an ASIC Approved SMSF Auditor.
We perform the audits generally within 5 working days. In certain situations depending on the client documentation, the audit could take longer than expected. Please be patient while we are performing audit and we will get back to you with the audit or raise queries via approved contact means of telephone or electronic mail.
Audit Finalized
Once the audit is completed, we will produce an audit report for your record which can be used by the client to lodge at ATO office.
Why Choose us ?
- Higly qualified professionals
- Efficient and cost effective service
- Quick turn around time
- Strictly adhering to audit standards
- Happy to answer any questions
- Explain in simple language, no jargons