SMSF (Self Managed Superannuation Fund) Audits

At Oak Audit & Assurance, we are passionate about assisting our clients with all things audit service related, including Self Managed Superannuation Fund Audits (SMSF Audits).

The SMSF industry has seen extensive growth in recent years. Amidst this growth, changes in reform have also added challenges to an auditor’s role. Thus, the need for quality and timely audit services is becoming increasingly sought after.

With the ATO as the regulator, Self Managed Fund Super Auditors (SMSF Auditors) play an essential role in ensuring compliance with superannuation legislation. Every SMSF Auditor is required to be registered with ASIC.

At Oak Audit & Assurance, our experience in auditing SMSF spans the better part of the last decade. We can facilitate the completion and sign off of your SMSF audit. We have strategic network partners involved in the sign off process of the SMSF audit. All SMSF audit engagements are performed by networks solely in Australia, and none of the work is outsourced offshore. Nevertheless, our networks are structured to ensure that pricing is extremely competitive.

With the key changes to the restructured APES 110 Code of Ethics for Professional Accountants (the Code), which becomes effective for periods commencing 1 July 2021, it is imperative to ensure there is an appropriate separation in terms of the firm that prepares the SMSF’s accounting and financial statements and the auditor signing off on of the SMSF. Accordingly, now is the time to ensure the requirements are met and to source a new auditor if this is appropriate to meet the independence requirements.