Preparing early gives you more time to identify and resolve issues before forming your audit opinion.
Before you begin a self-managed super fund (SMSF) audit:
- assess and document your independence for the engagement
- identify the evidence you will need to support the ownership, existence and market value of fund assets
- plan how you will document the work performed and the basis for your conclusions
- consider how any issues you identify may affect your audit opinion or reporting obligations.
Follow up missing or inadequate evidence early so you have time to address issues before finalising the audit.
Our 2026–27 SMSF auditor compliance program continues to focus on areas where we see the highest risk, including evidence supporting the ownership, existence and market value of fund assets, and auditor independence. Keep these areas in mind as you plan and conduct your audits.
Use our SMSF Auditor checklist, PDF 207KB)This link will download a file when preparing your audits and review our guidance on Auditing an SMSF.
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