Independent Audit Management
Your Annual SMSF Audit, Professionally Coordinated
Your Compliance Safety Net
Every SMSF must undergo an annual audit by an independent, ASIC-approved SMSF auditor. The audit process is essential, but it can be time-consuming if your records aren’t organised.
At Allied Accounting Group, we prepare, organise and coordinate the audit process on your behalf, working with independent auditors so the process is as smooth and efficient as possible.
What’s Involved in the Audit Process
We support you through the full audit cycle by:
1
Preparation & Organisation
- Preparing your fund’s financial statements and associated documentation
- Collating bank statements, investment records, contribution and pension records, and trustee minutes
- Ensuring the auditor has access to the information they need upfront
2
Independent Auditor Review
- Engaging with an independent ASIC-approved SMSF auditor
- Providing requested documents and clarifications to the auditor
- Acting as the primary contact point during the audit process
3
Issue Resolution & Reporting Support
- Assisting you in responding to any questions raised by the auditor
- Helping you understand any issues identified and what steps may be needed to address them
4
ATO Lodgement
- Finalising the fund’s annual accounts and tax return after the audit
- Ensuring audit outcomes are correctly reflected in the fund’s reporting
The auditor remains fully independent and is responsible for forming their own opinion about your fund’s compliance.
Our Role vs the Auditor’s Role
Allied Accounting Group
- Prepares the accounts and records
- Coordinates the audit process
- Provides information and explanations to the auditor
- Assists you in addressing any issues identified
Independent SMSF Auditor
- Reviews the fund’s financial statements and records
- Assesses compliance with superannuation law
- Reports any contraventions to the ATO where required
- Issues the final audit report
We do not perform the audit. All SMSF audits are completed by independent, ASIC-approved SMSF auditors in accordance with their professional and regulatory obligations.
Why Independent Audit Management Matters
A well-managed audit process helps:
- Reduce delays caused by missing or incomplete information
- Improve the quality and consistency of your SMSF records
- Ensure you understand and can address any issues identified by the auditor
As trustee, you remain responsible for ensuring your fund complies with the law. Our role is to make the audit process as organised and efficient as possible.
Who This Service is For
This service is for all SMSF trustees who:
- Want their annual audit process to be well organised and professionally managed
- Prefer to work with a team that understands what auditors typically require
- Would like a single point of contact for audit-related questions and documentation
Make Your Annual Audit Effortless
The annual audit is a legal requirement, but it doesn’t need to be a source of stress.
Book a free strategy session to learn how we coordinate the audit process and support you with the documentation and records auditors expect to see.
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Important information
The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Allied Accounting Group provides SMSF administration, taxation and compliance services. We do not provide personal financial product advice. You should seek advice from an appropriately licensed financial adviser before making decisions about contributions, investments or pension strategies.
All SMSF audits are conducted by independent ASIC-approved SMSF auditors. As trustee, you remain legally responsible for the operation and compliance of your SMSF.
Since 1 July 2016, advice about superannuation must be provided through an Australian Financial Services Licence. In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Allied Accounting Group Pty Ltd chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) – the Australian
Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA).
SAN supports our practice in providing advice regarding:
- Establishment of SMSFs
- Contribution strategies (amounts, types, withdrawal and recontribution)
- Pension strategies (account based and transition to retirement)
- Transfer of business real property into superannuation
- Withdrawals, commutations and death benefit payments
- Limited Recourse Borrowing Arrangements
- Provision of an asset class investment strategy (based on an assessment of your risk profile)
- Winding up of SMSFs
The person/people at this practice authorised by SAN to provide superannuation and self managed superannuation fund advice is/are:
Gavin Woolford – Authorised Representative No. 001243429
Elliot King – Authorised Representative No. 001272991