SMSF Audit
Each SMSF Audit is undertaken and completed within 10 working days by a team over 40 ASIC Auditors for a Fixed Fee.
Introduction Accountants
Due to the new APES 110 SMSF Auditors independence guidelines, it is possible that many SMSF auditors may not be able to find themselves "independent" anymore to audit funds where their firm (or network firm) has done more than "routine and Mechanical" administration for the fund.
Download APES - Independence Guide - May 2020 (112 Pages)
Download APES 110 Code of ethics for Professional Accountants (211 Pages)
If you think you are one of these firms, we have a solution for you.
Solution for Accountants
Once financial statements are prepared and signed by the trustees, they need to be audited before the income tax return can be lodged. Usually billing to trustees happens at the time of signing and lodgement of income tax return. Hence, it is of paramount importance that the "Audit" happens smoothly and quickly - say within 10 working days.
Our solution brings Trustees, you and auditors on the same platform. Below are the steps which you need to take to get the funds audited quickly:
Step 1
If you would like SMSF Auditors Hub to complete audits for your firm, please download the short service contract. Once the contract is signed and returned to sri@trustdeed.com.au, we can begin setting up your account and audit access.
Step 2
After the signed contract is received, we will onboard you onto the Online SMSF Audit platform. We will create your accountant access, explain the basic workflow, and show you how to add funds and upload audit documents. (Access to software is free of charge)
Step 3
You can then upload the SMSF fund details, signed financial statements and supporting audit documents into the platform. The documents remain securely available for the auditor to review during the audit process.
Step 4
Once the fund and documents are uploaded, an SMSF auditor will begin the audit. If the auditor requires further clarification or additional documents, queries will be raised through the audit process.
Step 5
Once all queries are answered and the auditor is satisfied with the information provided, the audit will be completed and the final audit report will be released through the platform.
download contract
please send the signed copy of the contract to sri@trustdeed.com.au to create your account.
What is the cost of each SMSF Audit ?
When you register with us, we will call you and demonstrate how the software works and how to upload documents and how Trustees can be added to the platform. There is no limit on how many funds you upload on our system and there is no fee charged for this service.
The software is free for you.
Once you contact us we will send you a short contract and provide you with a list of documents which we will need for each audit. We will also collect your credit card details for collecting payment of each audit. When you upload a fund & the related documents - we will assign an auditor to the fund and debit your credit card for $440. The fee will be charged before our auditors pool commences audit.
SMSF Audit, Flat Fee - $440 incl GST
Download Contract
Please send the signed copy of the contract to sri@trustdeed.com.au to create your account.
An additional fees of $165 will be charged if the fund has a contravention and an ACR has to be lodged with the ATO.
Administrators do not pay any other fees to use our software and have signed a contract with us.