Can I audit my own SMSF?
For self-managed super fund (SMSF) trustees, an annual audit is not only mandatory but must be conducted by an auditor who is registered with the Australian Securities and Investments Commission (ASIC). ... They must report any non-compliance issues to all fund trustees and the ATO.
What is online audit?
Online audit is a technique, which is used to collect audit evidence at the same time as an application system undertakes processing of data or immediately after the processing is completed, in a paperless environment. ... Online Audit has different imperatives for internal and external auditors.
What is a SMSF auditor?
An SMSF auditor examines the validity and accuracy of an SMSF's financial records and makes sure that the fund is compliant with superannuation rules.
How much is an SMSF audit?
The average SMSF audit fee in 2016-2017 was $688, and the median audit fee was $550. Average and median SMSF audit fees from 2012 to 2017. In FY2016-2017, the average SMSF audit fee was $688 and the median SMSF audit fee was $550. Statistics from the ATO here.