Every self-managed super fund must appoint an approved SMSF auditor each year. Trustees need to appoint the auditor no later than 45 days before the fund's annual return is due to be lodged.
Documents to prepare
- Financial statements and member statements
- Bank statements for the full year
- Investment statements, contract notes and property documents
- Trustee minutes and resolutions
- Investment strategy, reviewed during the year
- Contribution and benefit payment records
Common issues auditors raise
- Investment strategy not reviewed or not followed
- Assets not held in the fund's name
- Loans to members or related parties
- Missing market valuations
Learn about our SMSF audit service, available Australia-wide.
This page contains general information only and does not take into account your personal circumstances. Speak with us for advice specific to you.
