Independent auditor engagement
Arrange the annual audit with an independent auditor. Confirm the engagement and responsibilities for your fund.
SELF-MANAGED SUPER · INDEPENDENT AUDIT
SMSF Independent
Audit Arrangements
An independent auditor engaged for your fund’s annual audit, with KPA coordinating the accounting records and related reporting work.
Discuss SMSF audit arrangementsCampbelltown · Established in 2010HOW WE HELP
Separate roles.
A coordinated process.
For SMSF trustees who need the annual independent audit arranged alongside their accounting and tax work.
KPA engages an independent auditor to complete the fund’s annual audit report. We coordinate the financial statements and supporting information, and assist with questions connected to our accounting work. The independent auditor carries out the audit and forms the audit opinion.
SUPPORT WITH THIS SERVICE
Statements & supporting records
Coordinate the financial statements, accounting records and source documents required for the audit.
Information requests
Assist with audit queries relating to KPA’s accounting work and identify additional information needed from trustees.
Audit report & annual return
Coordinate the audit stage with the fund’s reporting process, with the audit finalised before the annual return is lodged.
- 01 / ARRANGE
Confirm the fund, year and independent auditor arrangements.
- 02 / COORDINATE
Provide the accounting information and work through record requests.
- 03 / COMPLETE THE PROCESS
Coordinate receipt of the auditor’s report and the related annual return work.
KEY CONSIDERATIONS
Allow time for an independent review.
Trustees must appoint an approved SMSF auditor each year, no later than 45 days before the annual return is due. The audit must be complete before the return is lodged. Contact KPA early so the appointment, records and any follow-up questions can be coordinated.
BEFORE WE TALK
A useful starting point.
Tell us the financial year, the fund’s reporting deadline and whether an auditor has already been appointed or has requested information.
Contact KPA before sending financial records or sensitive documents.
Records to have in mind
- Fund and trustee details and any changes
- Annual financial statements and the accounting records behind them
- Bank and investment statements and supporting asset information
- Contribution, rollover and benefit-payment records
- Trustee minutes, the trust deed and the existing investment strategy
- Previous audit report and any outstanding audit questions
- Details of the appointed auditor, if already engaged
COMMON QUESTIONS
Before you enquire.
Who performs the audit?
An independent auditor engaged for the fund performs the audit and issues the annual audit report. KPA prepares the accounting information and coordinates the related reporting work.
Does a fund need an audit every year?
Yes. SMSF trustees must appoint an approved SMSF auditor for the annual audit. Contact KPA early to discuss the arrangements for your fund.
What if an auditor is already appointed?
Tell us who is appointed and what stage the audit has reached. We can discuss the accounting records and assistance required before confirming the engagement scope.
What if the auditor requests more information?
KPA assists with queries connected to its accounting work and identifies further documents or explanations needed from trustees. The independent auditor assesses the evidence and determines the audit opinion.
TALK TO KPA
Arrange the audit alongside your annual work.
Tell us about the fund, the year and the current audit arrangements.