Every Self-Managed Super Fund (SMSF) in Australia is legally required to undergo an annual independent audit before lodging its SMSF Annual Return with the Australian Taxation Office (ATO). At iCloud Accountants, we simplify this process by preparing your fund’s financial records, coordinating with approved independent auditors, and ensuring your SMSF meets all compliance requirements.
Our experienced SMSF specialists prepare the necessary documentation, liaise with independent auditors, respond to audit queries, and assist trustees throughout the entire audit process to ensure timely completion and ongoing compliance.
Our SMSF Audit Services Include
- Audit Coordination – Managing communication with approved independent SMSF auditors.
- Financial Statement Preparation – Preparing accurate financial statements for audit purposes.
- Compliance Review – Reviewing trustee obligations, fund activities and regulatory compliance before audit.
- Investment Verification – Supporting documentation for shares, managed funds, property, cash accounts and other investments.
- Contribution & Pension Review – Verifying member contributions, pensions, rollovers and benefit payments.
- Trust Deed Review – Ensuring the fund’s trust deed and amendments are current and compliant.
- ATO Documentation – Preparing reports and supporting documentation required for annual lodgement.
- Audit Query Assistance – Responding promptly to auditor requests for additional information or clarification.
- Compliance Guidance – Identifying potential compliance issues before they become reportable contraventions.
- Annual Audit Support – Ongoing assistance to help trustees maintain complete and compliant records throughout the year.
Documents Commonly Required for an SMSF Audit
Compliance Documents
- SMSF Trust Deed and amendments
- Trustee declarations and consent forms
- Member applications
- Trustee minutes and resolutions
- Investment strategy documents
- Previous financial statements and audit reports
- Corporate trustee ASIC records (where applicable)
- Signed engagement letters
Financial Documents
- Current financial statements
- Annual SMSF tax return
- Bank statements
- Investment portfolio reports
- Property valuations (if applicable)
- Contribution and rollover records
- Pension payment documentation
- ATO correspondence and notices
Why Choose iCloud Accountants?
We understand the complexities of SMSF compliance and work proactively with trustees to ensure audit requirements are completed efficiently. By maintaining accurate accounting records throughout the year, we minimise delays during the audit process and help your fund remain compliant with Australian superannuation legislation.
Whether your SMSF invests in property, shares, managed funds or other approved assets, our experienced accountants provide reliable audit coordination and ongoing compliance support so you can manage your retirement savings with confidence.