SMSF Audit arrangement Support

Self Managed Super fund Audit Arrangement

When it comes to SMSF, auditing is a crucial requirement before submitting an annual SMSF tax return. According to Australian Taxation Office guidelines, it’s essential to appoint an SMSF Auditor at least 45 days before the SMS tax return’s due date. All SMSFs must undergo an annual audit by an approved SMSF Auditor.

In addition to SMSF administration, Workpaper has a dedicated team of experts well-versed in audit arrangement for compliance and superannuation law regulations. Workpaper team is reviewing the fund and give the findings before the fund submitting to auditor to complete the Super fund Audit.

At Workpaper, we offer a high level of quality assurance with a swift turnaround time, regardless of the audit’s size or complexity. We carefully examine and evaluate the fund, develop an Audit Plan, and allocate our resources accordingly. Our SMSF audit team is adept at tailoring audit procedures to meet each client’s specific needs and requirements. Our skilled staff possess the expertise to efficiently manage audits in a cost-effective manner, conducting compliance reviews in line with the Regulations of the SIS Act 1993. We are using third party ASIC registered Auditors.

// We at Workpaper.

Our audit process includes:

Document the Audit Plan to identify the extent of audit procedures required
Gathering appropriate information and evidences to support assertions
Assessing the Financial records to make sure the fund is compliante
Conveying breaches or any financial discrepancies identified by us during the audit

SMSF Audit to Workpaper comes with access to various benefits

01

Efficient Communication

Our committed team liaises with clients to discuss necessary Changes and provides clear instructions for the submission of documents.

02

Increased Adaptability

Regardless of the software employed in SMSF Accounting, our team is adaptable and adheres to standardized procedures to guarantee compliance with the prevailing SMSF Auditing Standards.

03

Fewer Hassles

Our Audit team conducts audits efficiently, adhering to all legal guidelines, rules, and regulations to prevent costly errors, substantial penalties, and legal complications.

04

Expanded Outreach

By outsourcing SMSF Audits to us, clients can redirect their attention toward expanding their client base and emphasizing other valuable services.

05

Fixed pricing

Our transparent fixed pricing plans, devoid of hidden expenses, empower clients to proactively budget and gain a clear understanding for billing their own clients.

06

Significant Scalability

We acknowledge the variability in workflow levels throughout the year and the potential for your SMSF Audit client base to grow unexpectedly. Therefore, we maintain a consistent reserve capacity to accommodate varying workloads seamlessly.