SMSF Audit Link passes ATO audit with flying colours!

The founder of SMSF Audit Link, Sarfraz Aslam, has been judged by the Australian Tax Office (ATO) to be fully compliant with all aspects of SMSF auditing. After 3 funds under his control were audited as part of a voluntary compliance program, the ATO confirmed that he was among the top 10 SMSF auditors awarded a ‘no further action’ result. This was the best possible outcome.

The ATO set out to review the top 100 SMSF auditors in Australia, who between them account for 33% of audits, representing around $186 billion in assets. The first batch of 51 audits (including SMSF Audit Link) was completed in late 2019. Aside from the top 10, 36 other auditors required further education, 2 were referred to ASIC for compliance failures, and 3 more were deregistered. The balance of this top 100 audit will be finalised before the end of the 2019/2020 financial year.

SMSF Audit Link is justifiably proud of making the top 10 list of the top 100 SMSF auditors. Sarfraz was confirmed by the ATO as being fully compliant to all regulations under the relevant Superannuation Industry Acts for the three funds under his management that they audited. The ATO found that the audited files contained all relevant working papers and sufficient appropriate evidence to support opinions formed in relation to the financial and compliance audit.

A strong track record of achievement

SMSF Audit Link’s history stretches back to the year 2010 as a specialist SMSF audit firm, with a mission to bring optimal value and complete peace of mind for our valued clients. Since then, we have been providing a consistent and dependable service to an increasing number of accountants and accountancy firms which has helped us to build a reputation as one of the best in the market.

We work with accountants, financial planners, and SMSF administrators to provide compliant, efficient and cost-effective SMSF audit services. Our commitment to investing back in technological innovation and staff training helps us to deliver on providing dependable solutions with personal service. It has seen us become a leading SMSF audit provider in Sydney’s Hills district and beyond.

Our role as a specialist
SMSF auditor

Our planning, auditing and reporting on the financial sand compliance audit of a SMSF is aligned with the applicable S.I.S. Act and Regulations. We’re often told by clients that our service is second to none, which means accountants and advisors can rely on us to audit even the most complex SMSF for their clients.

The S.I.S. Act, subsection 35C(1), requires SMSF’s to be audited each financial year by an ASIC-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 Office.

All of our team members take our role as an approved ASIC auditor very seriously and are across all of the responsibilities that are stipulated within the relevant legislation. This keeps us on our toes, and also ensures that our clients keep on coming back year after year.

Meet the team

Sarfraz Aslam

Sarfraz holds a Master of Business in Professional Accounting and is a member of the Institute of Certified Practicing Accountant (CPA). He has specialised in SMSF’s over the past 15 years and has a considerable technical background in SMSF’s including working at Universal Consultancy Services and Multiport in charge of administering many hundreds of funds. He has extensive experience dealing with the technical and compliance side of superannuation and having worked for one of the leading SMSF admin firms, Sarfraz is very knowledgeable in SMSF administration best practice.

Sarfraz Aslam
MPA, CPA
SMSF Auditor / Principal

Tanweer Syed

Tanweer Hasan Syed is a specialised ASIC-approved SMSF Auditor with over 25 years of experience as a qualified management accountant and a member of the Institute of Public Accountants of Australia. Tanweer has worked as Chief Accountant in a Construction Company having Oil and Gas projects in Algeria, Nigeria, and Ghana. He has also worked as an Audit senior in Sidat Hyder & Co as a representative of Arthur Anderson, formerly one of the world’s ‘Big Five’ accounting firms.

Tanweer Syed
B.Comm, IPA
SMSF Auditor

Sher Ali

Sher Ali has completed his degree as a Dean’s Scholar from reputable institutions including the University of Wollongong in Australia and the University of Cambridge in the UK. Now as an Associate Member of Certified Public Accountant of Australia, Sher has over three years of experience with our firm and is without any doubt a unique talent who provides enormous value to our work.

Sher Ali
B.Comm, ASA
SMSF Auditor

Jalpa Patel

Jalpa Patel has ten years of international and local experience in the fields of accounting and auditing. Her expertise and detailed in-depth knowledge of the commerce world has made her a vital member of the SMSF Audit Link team.

Jalpa Patel
M.Comm
SMSF Auditor

Sheryar Ali

Sheryar is currently completing his Bachelor of Commerce (Accounting) at university and he started his workplace journey as an intern. His positive attitude, willingness to serve and meticulous attention to detail has seen him become a highly regarded member of the team who continues to grow in the industry.

Sheryar Ali
Intern

Why use
SMSF Audit Link?