SMSF Audit Link Pty Ltd is a Sydney based independent audit firm that offers specialised SMSF audit solutions to Accountants and Financial Advisors.
Principal of SMSF Audit Link, Manoj Abichandani is SMSF Specialist Advisor and SMSF Specialist Auditor accredited by SMSF Professional Association of Australia (SPAA) and has over 17 years experience in Auditing SMSF.
SMSF Audit Link is a technical SMSF audit specialist firm that has incorporated best practice systems and processes that translate into real benefits to our clients, namely end trustees via their advisors.
We visit the accountant's offices to conduct our audit. Our audit services are restricted to only Sydney and we have no branches or representative offices anywhere else in Australia.
The auditor is required under the SIS Act to
a) provide an auditor's report on the SMSF's operations for the year to the trustees
in the approved form
(b) report in writing to a trustee, if the auditor forms the opinion in the course
of or in connection with the performance of the audit of the SMSF, that:
(i) any contraventions of the SISA or SISR, may have occurred, may be occurring or may occur in relation to the SMSF (section 129 of the SISA); or
(ii) the financial position of the SMSF may be, or may be about to become, unsatisfactory (section 130 of the SISA); and
(c) report in writing to the ATO using the approved form Auditor/actuary contravention
report (ACR) and instructions (ACR instructions), if the auditor forms the opinion
in the course of or in connection with the performance of the audit of a SMSF, that:
(i) it is likely that a contravention, may have occurred, may be occurring or may occur, of the requirements of the SISA or SISR, specified by the ATO in the ACR, which meet the tests specified in the ACR instructions (section 129 of the SISA); or
(ii) the financial position of the SMSF may be, or may be about to become, unsatisfactory (section 130 of the SISA).
The auditor may also provide information in the ACR to the ATO about the SMSF or a trustee of the SMSF, if the auditor considers it will assist the ATO in performing its functions under the SISA and SISR (section 130A of the SISA).
"SMSF Audit is our only business and we just have to do it well"
Either you can upload the documents or we can visit your location.
We strive to provide SMSF Accountants and their clients namely, fund trustees, with peace of mind in governing their superannuation fund. We have developed our own 320 checkpoint audit program after being in the SMSF space over a number of years of experience. This audit programme is core to our fundamental knowledge of day to day operation to the most complex fund.
Due to our vast experience, we often consult to accountants as SMSF Specialists on topics such as pensions, borrowing strategies, death benefits etc. We offer no investment advice and do not service end clients directly.
The SIS Act, subsection 35C(1), requires SMSFs to be audited each financial year by an approved auditor, who must complete both the financial audit and the compliance audit and sign the auditor's report before a SMSF may submit its Annual Return and income tax return to the Australian Taxation Offoce.
Our auditor reports to the trustees in an "approved form", which includes
our opinions under two sections:
(a) Part A: Financial report; and
(b) Part B: Compliance of SIS Act
We are aware of our responsibility with respect to conducting SMSF audit engagements. Our planning, conducting and reporting on the financial and compliance audit of a SMSF is as per SIS Act and Regulations and second to none, which means that accountants and advisors can rely and trust on us with audit of complex SMSF of their clients.