Annual SMSF Audit

In accordance with the Superannuation Industry (Supervision) Act 1993 (SIS), the accounts and financial statements of regulated self managed super funds must be audited by an Approved ASIC Auditor.  The SMSF audit must provide the fund trustees a certificate on the accounts and financial statements in the approved form within the prescribed time after the year of income to which the accounts and statements relate.

Where SATO SMSF Administration® is appointed as the fund administrator, the fund audit report will be provided free of charge, as part of our bundled services.

As part of the audit process, SATO SMSF Administration® may request from the trustees written confirmation concerning representations made to us in connection with the audit process.

 Reporting of Significant Audit Matters

Where fund trustees appoint other service providers for their annual administration requirements, but would like to engage SATO SMSF Administration as an independent auditor for Annual Audit (“Only”) then the following professional fees would be applicable:

  Annual Audit fees Structure 
Groups CharacteristicsFees (GST incl.)
 GreenInvestments in:

  • listed company shares; widely held trusts & term deposits
 AmberAll investments in any of the following:

  • Exotic investments (e.g. antiques, wine, artwork, golf club memberships;taxi license and other collectibles);
  • residential property provided to a related party;
  • residential property rented to an unrelated party;
  • Equipment leased to a related party;
  • SMSF Loans to, or investments in related parties; or
    No material SIS Act compliance breaches.
  • One or more material SIS Act or SIS Regulations compliance breach (Contravention Audit Report needs to be lodged); or
  • borrowed for the first time.

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