Your SMSF Audit professionals.

FAJ really is your ‘one stop shop’ for Self-Managed Super Funds. We can help you set up your SMSF, and the FAJ Auditing team is highly experienced in conducting the annual audit required for every SMSF.

FAJ Accounting auditor reviewing Self-Managed Super Fund financial documents

Why choose FAJ?

It makes sense to keep all your SMSF documentation and compliance under one roof. We’ll ensure your documentation is accurate, and that every aspect of your fund adheres to regulatory requirements.

Compliance.

There are a lot of t’s to cross and i’s to dot in setting up and maintaining an SMSF.

From ensuring that the fund’s investments comply with superannuation law and are permitted by your trust deed, to providing asset valuations, to strategy reviews and annual audits, you need the right team on your side.

Benefits.

Our SMSF team works closely with our Audit team to ensure that every aspect of your SMSF is meticulously handled, from setting up the trust to the annual auditing. Because all your records and documentation are securely kept in one place, the whole process is streamlined and secure.

Experience counts.

The key to success in operating an SMSF is confidence in the record keeping and compliance, including annual audits. The FAJ team brings years of experience in all facets of superannuation, and you’ll be working with the same people over the long term. You’ll find our strategic expertise invaluable.

Frequently asked questions and answers.

Frequently asked questions about SMSF Auditing

Your SMSF audit must be completed before you lodge your fund’s annual return with the ATO. Typically, this is due by May 15 for most funds, but deadlines may vary based on lodgement history.

An SMSF audit is a mandatory annual review of your self-managed super fund’s financial statements and compliance with superannuation laws. It must be conducted by an independent, registered SMSF auditor.

Simply contact our team to arrange an audit. We’ll guide you through the process and ensure compliance with all ATO requirements.

The Australian Taxation Office (ATO) requires all SMSFs to undergo an annual audit to ensure compliance with superannuation regulations and financial reporting requirements. Failure to complete an audit can result in penalties.

Only an ASIC-approved SMSF auditor can conduct your audit. The auditor must be independent and cannot provide financial advice or prepare financial statements for your SMSF.

If your SMSF has compliance issues, the auditor will issue a management letter outlining the concerns. In serious cases, the auditor must report breaches to the ATO via an Auditor Contravention Report (ACR). Penalties or corrective actions may be required.

An SMSF audit includes two parts:

  • Financial Audit: Examines the accuracy of the fund’s financial records.
  • Compliance Audit: Ensures the SMSF complies with super laws, including contribution limits, investment restrictions, and pension rules.

Have more questions? Our team is here to help—reach out to us today.

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We specialise in self-managed super fund audits

The FAJ Audit team offer professional service, quick turnaround, practical advice, technical support and modern practices. Contact us today.

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Ensure your SMSF meet legal and regulatory standards with FAJ Accounting.

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