Self-Managed Super Funds Audits
While having a self-managed super fund allows you the flexibility and control with your investments, the compliance side can be very daunting.
An SMSF must be audited every year.
And an audit is required even if no contributions have been made into the fund and no benefits have been paid in the financial year.
What does an SMSF audit do?
Simply, it ensures your SMSF fund is running properly and is compliant with the ATOs requirements.
Issues can arise when;
- The fund is not administered properly
- The trustees act on incorrect advice
- General lack of understanding as to what you can and cannot do
A proper audit of your SMSF will ensure any compliance issues are quickly identified and an action plan can be implemented to rectify the issues.
For more information on our auditing services, contact Rhodes Docherty today.
