What Are The Key Responsibilities Of A Professional And Skilled SMSF Auditor?
Who is the SMSF auditor? SMSF (self-managed super fund) auditor is the person who carry out the annual financial and compliance audit of an SMSF's operations and provide the Self-managed superannuation fund independent auditor's report approved form to trustees within 28 days of receiving all relevant documentation. What do you mean by auditing SMSF? Auditing SMSF means to carry out the annual financial and compliance audit of SMSF's operations. Approved SMSF auditors have a critical role in helping to maintain the health and integrity of the SMSF sector through the annual audit of each SMSF. There are different aspects of auditing that come under the role of an SMSF auditor, let’s talk about them in detail. 1. Financial audit Things to be undertaken by the auditor under financial auditing. 1. Preparing and auditing the audit plan in writing, which...