- Trust Deed and amendments,
- Prior Year Audit Statement (if we were not the Auditor last year),
- Financials (including the prior year),
- Members Statements (if not part of financials),
- Tax Return,
- Investment Strategy,
- Minutes of Meetings of Trustees throughout the year,
- Bank Statements,
- Members earnings calculations,
- Share Portfolio Statements, plus Buy/Sell Contracts for trading throughout the year.
- Property Purchase Documents/Valuations,
- Lease documents,
- Loan Documents,
- Loan Statements,
- Documents substantiating any Other Investments or Debts,
- Any Other Documents
Collect the documentation that you need for your fund and copy each document into a separate PDF file. (Please do not copy all the documents into a single PDF file).
Your options for getting these PDF documents to us are:-
a. Using our Drop Box facility. If you do not already have access to this than send us an Email Request to access our Drop Box. When we reply accept the invite, in Drop Box create a folder with the fund name, drop the files into our Box. Then send another email letting us know there is an audit for us to do and the name of the folder (This is the preferred method because using Drop Box does not have the document size restrictions that are attached to emails) or
b. Email the documents to us (unfortunately there are limits to the size of an email and so you might find that you need to send just a few files at a time and several emails) or
c. Mail them to us at PO Box 164, Eagle Heights Qld 4271
We'll be in touch shortly after that to confirm a price and timing for the Audit.
Presently, no, but its on the agenda.
For now, we complete your audit then invoice you for the work done.
Yes, we do. If you are an accountant or accounting firm looking for a reliable source to get your accounting clients's super funds audited, Eagle Super Audit Brisbane are up to the task,
No - we audit Self Managef Super Funds all over Australia. The beauty of the internet is it brings everyone closer together. The audit process involves us sitting down with your documents rather than sitting down with you... so where you live is not a factor for us. You won't need to attend our office, simply send us in your documents and we will take care of the rest.
Currently that is annually.
However, the Federal Government announced in 2018 that they are considering changing this requirement to a three year cycle, for complying funds. If this change takes place there are a lot of issues to consider You might want to read the submission to the Government from the IPA (Institute of Public Accountants) on this here .
Issues include: Trustees will still have every year audited, but this would be completed once every three years. If trustees have made mistakes or inadvertently contravened regulations, the problem will only compound over three years. It is likely it will take more time and money to fix than if the issue had been picked up after a year.
Costs to rise for fewer SMSF audits? There will be savings for some funds, but for many there won’t be any cost reduction at all, and for some an increase in costs is likely, three-year audits may work for very simple funds, for instance those that only hold cash or managed funds but most funds are not that simple.
Audit as checks for good administration. Rather than view the audit as an impost, a better approach is to see it as a useful tool to help ensure the smooth running of the fund. The audit gives trustees an invaluable check they are administering the fund appropriately. SMSFs are complex, so instead of looking at the annual audit as a burden they should be looking at it as a tool that supports their role.
Serious consequences for SMSF auditors. This is going to create serious resourcing issues, which may increase costs for us and for our SMSF clients.
Who will decide audit timing? Which party will drive the timing of the audit – the trustee, the auditor or the Australian Taxation Office? This is not clear yet.
When more details are released we will be able to make a better assessment of any potential savings or costs. Until then, we can’t work out what the real impact will be.
Our preferred method for receiving forms is via our enquiry form/document upload form here SMSF Audit Enquiry and Document Loading.
Alternatively, you can:
Email Us: firstname.lastname@example.org
Mail Us: Reply Paid Mail 85279, EagleSuperFundAudit, Eagle Heights, Qld 4271
Or personal delivery: Level 1, 34 Southport Avenue, Eagle Heights, Qld 4271.
Regrettably, we don't currently offer a courier pigeon service, so we hope one of the above options will suffice.