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An SMSF is required to be audited by a registered SMSF auditor who reviews the operation of the fund and completes a financial and compliance audit. A financial and compliance audit must be completed before a fund’s SMSF annual return can be lodged with the ATO.
There are set timeframes around the appointment of auditors and the completion of audit reports. As a trustee you also have responsibilities around providing information to auditors within set timeframes.
The SuperConcepts Administration service includes appointing a specialist SMSF auditor who will undertake the annual audit of your SMSF.