Self-Managed Superannuation Fund Audits
We appreciate trustees are very conscious of keeping compliance costs to a minimum as they erode SMSFs investment returns.
We have developed a very efficient audit methodology whereby we can deliver a thorough audit service at a very low cost.
Our mainstream audit fee per SMSF is generally between $350 to $450 plus GST.
We advise trustees to be diligent and not be drawn into audit services offering ridiculously low audit fees (or fixed audit fees) as this may result in a low quality and non-complying audit. The ATO is currently investigating audit service providers offering very low or fixed priced audit fees.
We do not engage any overseas Foreign Service providers. All audit work is carried out at our Victoria Park office, therefore we can guarantee the confidentiality and security of all client information.
We currently audit over 600 SMSFs for some 45 Accounting Firms in Western Australia. We offer the following benefits to Accounting Firms who refer their SMSFs client audits to us.
Referral firms receive free over the phone advice regarding audit issues pertaining to their clients’ SMSFs.
Outsourcing your clients’ audit needs obviates training, maintenance and updating of office procedures, research time etc.
Professional Indemnity (PI)
Outsourcing the audit function provides a significant shift in your risk profile, resulting in reduced PI premiums.
You can maintain your focus, skills and resources on expanding your core business.
Outsourcing the audit requirements of your SMSF clients can be incorporated as part of your compliance with Risk Management Statement RMS1.
Ensures your compliance with APES 110 (Section 290) Professional Independence under the Code of Ethics for Professional Accountants.
You can acknowledge quality control on behalf of your clients and incorporate it with your Quality Control Standards and Procedures (APES 320).
Relieves you of the role of having to be the lead advisor to your SMSF clients on complex audit issues.
We are a Quality Assured practice under CPA Australia.
All audit assurance work will be performed in a professional and efficient manner with minimal disruption to your practice. We shall not encroach in any way on the relationship you have with your client.
Would you like to talk more about self-managed super fund audits?
Member of the Certified Practicing Accountants of Australia (CPA)
Bachelor of Commerce (Accounting)