You need to appoint an approved SMSF auditor to audit your fund each year no later than 45 days before your SMSF annual return (SAR) is due to be lodged.
Your auditor must be independent and registered with the Australian Securities and Investments Commission (ASIC).
Your SMSF must be audited, even if the fund does not have to pay tax, is in pension mode or had no contributions, income or payments made in the financial year.
You must provide all relevant documentation to your auditor so they can perform a financial and compliance audit before you lodge. You'll need to provide their SMSF auditor number (SAN) on your annual return when you lodge.
Your auditor will advise you of any contraventions of the rules. You as trustee, are responsible for rectifying any contraventions as soon as possible. If you are unable to rectify a contravention you should use our SMSF early engagement and voluntary disclosure service to lodge a voluntary disclosure.
Visit our SMSF support services for help.
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