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Appoint an SMSF auditor

You must appoint an approved SMSF auditor no later than 45 days before you need to lodge your SMSF annual return.

Last updated 15 February 2021

You must appoint an approved SMSF auditor to audit your fund each year, not later than 45 days before you need to lodge your SMSF annual return (SAR). The auditor examines your fund's financial statements and assesses your fund's compliance with super law.



Your SMSF auditor must be:

  • registered with ASIC - Search SMSF Auditor registerExternal Link – if they are, they will have an SMSF auditor number, which you need to provide on your annual return
  • independent – they should not audit a fund in which they hold any financial interest, or where they have a close personal or business relationship with members or trustees.

An audit is required even if no contributions or payments are made in the financial year.

Before an SMSF auditor can start an audit, you or your professional adviser need to give them information about your accounts and transactions for the previous financial year. Any additional information requested by your SMSF auditor, in writing must be provided within 14 days.

Your SMSF's audit must be finalised before you lodge your SAR, as you'll need some information from the audit report to complete the SAR. You must also ensure that the correct auditor details are provided in the SAR, otherwise you may be penalised.

Your auditor should advise you of any breaches of the rules. You, as trustee, should rectify any contravention as soon as possible.

Your auditor is also required to report certain contraventions to us. Even if you terminated an auditor engagement or the auditor does not finish the audit, if they have identified a reportable contravention, their obligation to report to us remains.