SMSF Audit Assistance to Registered SMSF Auditor
We work with various SMSF auditors across Australia, specializing in audit assistance services. Our staff, with over three years of experience, are trained to review financials and work papers, identifying errors and breaches. We are familiar with different SMSF audit tools, such as Cloud Offis, Myworkpapers, onlinesmsfaudit, TatvaSoft, Caseware, and Evolve White. We can also work with Excel templates if preferred.
We prepare audit checklists and upload all supporting documents. We also prepare audit notes, qualifications in the audit report, and letters to management. We identify breaches that need to be reported in audit reports, management letters, and the Auditors Contravention Report (ACR) to the ATO. Additionally, we assist SMSF auditors in drafting the ACR by referencing relevant sections of SISA and other legislation.
Our services include:
- Review of SMSF accounts and identifying the errors/breaches such as in-house assets etc
- Review of documentation and identifying the incorrect title to the investments, borrowings without complying with LRBA, investment without proper Investment Strategy, financial assistance to members and other breaches
- Review if the SMSF meet the sole purpose test
- Preparing the Audit checklist
- Reporting the breaches
- Audit report qualification / ACR
