There is a requirement for an SMSF auditor to be independent of the accounting function. This means if we prepare the accounts and tax returns, we cannot act as auditor for your Fund as well.
The Accounting Professional & Ethical Standards Board (APESB) has published an updated Independence Guide. Our approved SMSF auditors commit to comply with the independence requirements set out in the APES 110 Code of Ethics.
See below FAQ’s, that may help you understand what the new guideline means for your SMSF:
Can Superannuation Warehouse prepare financial statements and tax returns, and audit for my SMSF as well?
If I, as an SMSF Trustee prepare financial statements and tax return drafts, can Superannuation Warehouse audit my Fund and lodge the tax return on my behalf?
At times, Trustees request SWA to lodge the annual tax return on their behalf. The reason for this is to lodge the tax return electronically. This approach is more effective than using the paper lodgdment process.
You can access the auditor independence guideline here:
Click here to see the relevant article regarding the new independence guide. If you would like to engage us to audit your SMSF, please click the button below to see what audit files to be provided: