Audit ready SMSF files, every time
SMSFs are required to undergo an annual independent audit, and the audit must be completed before the SMSF annual return can be lodged. The auditor reviews the fund's financial statements and compliance with superannuation legislation. Our SMSF audit support service is designed to help accounting practices prepare complete and well organised audit files, making the audit process smoother and reducing unnecessary back and forth.
SMSF servicesSMSF audit support
Our audit support includes
- Preparation of audit ready working papers
- Compilation of financial information and supporting documentation checks
- Bank confirmation and reconciliation support
- Investment documentation
- Property documentation
- Contribution, pension and benefit payment documentation
- Member balance reconciliation
- Related party transaction documentation
- Review of audit information requirements
- Responding to audit queries and follow up of outstanding documents
- Rectification support for identified issues
Make the audit process easier
A well prepared audit file helps auditors obtain the information they need efficiently and allows accounting practices to identify potential issues earlier. We focus on complete documentation, accurate reconciliations and organised working papers so your files are ready for the next stage of the compliance process.
What you send
- Fund financials and ledger access
- Source statements and evidence
- Permanent file documents
- Auditor request lists
What you get back
- Complete audit ready files
- Indexed workpapers
- Drafted query responses
- A cleaner file next year
Frequently asked questions
Does Venus audit SMSFs?
No, and it should not. Audits belong to independent approved auditors. Venus prepares the audit file and supports the responses from the administering practice's side.
Can you work with our fund's existing auditor?
Yes. We assemble to the auditor's request list and respond to queries through your practice, whatever portal or format the auditor uses.
What makes a fund clear audit quickly?
Evidence assembled before it is requested: valuations documented, events minuted at the time, and a permanent file that is actually complete.
Let's add capacity to your practice
Tell us a little about your practice and a senior team member will reach out within one business day.