Our Services
Comprehensive SMSF audit services
We provide independent, thorough SMSF audits that give your clients confidence and keep their fund compliant. Every audit is completed by a qualified, ASIC-registered auditor.
What we offer
Annual SMSF Audit
The core of what we do — a thorough, independent audit of your client's SMSF financial statements and compliance obligations.
We conduct a two-part audit covering both the financial statements and the fund's compliance with the Superannuation Industry (Supervision) Act 1993 (SISA) and associated regulations. Our audit process is designed to be straightforward for accountants and advisers, with clear documentation requirements and prompt communication throughout.
What's included
- Financial statement audit (Part A)
- Compliance audit against SISA and SISR (Part B)
- Review of investment strategy documentation
- Trustee declaration and consent verification
- Audit findings letter and management letter where required
- ATO Auditor/Actuary Contravention Report (ACR) if applicable
Compliance Review
A detailed review of the fund's compliance position — ideal for new clients or funds with a complex history.
Our compliance review goes beyond the standard annual audit to assess the fund's overall compliance posture. This is particularly useful when onboarding a new client, reviewing a fund that has had prior contraventions, or where the trustee structure has recently changed.
What's included
- Review of trust deed and any amendments
- Assessment of trustee eligibility and structure
- Investment strategy compliance check
- Related party transaction review
- Loan and borrowing arrangement assessment
- Written compliance summary report
Contravention Reporting
Where a contravention is identified, we handle the ATO reporting process professionally and efficiently.
When an audit identifies a contravention of the SIS Act or regulations, we are required to lodge an Auditor/Actuary Contravention Report (ACR) with the ATO. We manage this process carefully, communicating clearly with the accountant or adviser before lodgement and providing full documentation of the contravention and our reporting obligations.
What's included
- Identification and classification of contraventions
- Pre-lodgement communication with the accountant or adviser
- Preparation and lodgement of ACR with the ATO
- Documentation of contravention details and remediation steps
- Guidance on rectification where applicable
Limited Recourse Borrowing Arrangements
Specialist review of LRBA structures to ensure compliance with ATO safe harbour guidelines and SIS Act requirements.
Limited Recourse Borrowing Arrangements (LRBAs) are a common area of audit focus. We have extensive experience reviewing LRBA structures, including related party loans, and assessing compliance with ATO safe harbour guidelines. Our review provides clear documentation for the audit file and flags any areas of concern early.
What's included
- Review of loan agreement terms against ATO safe harbour guidelines
- Assessment of bare trust / holding trust structure
- Related party loan compliance review
- Verification of asset ownership and title
- Documentation of LRBA findings in audit report
Our process
How the audit process works
A simple, efficient process designed around how accountants and advisers actually work.
Submit the engagement
Send us the fund details and financial statements via email or our secure portal. We'll confirm receipt and provide a checklist of any additional documents required.
We conduct the audit
Our auditor reviews the financial statements and compliance obligations. If we have queries, we'll contact you promptly — we aim to resolve everything within the standard 7 business day window.
Audit report delivered
You receive the completed audit report, management letter (if applicable), and all supporting documentation. Reports are delivered in a format compatible with BGL Simple Fund and Class Super.
7 business day turnaround
Standard on all audits — rush turnaround available on request.
Software compatibility
We work with the leading SMSF administration platforms used by accountants and advisers across Australia.
Ready to refer your first fund?
Get in touch to discuss your audit requirements or to set up a referral arrangement.