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Worried About SMSF Audits?

smsf audits

Dealing with SMSF audits can seem complicated when you’re on your own. Auditors check your fund’s paperwork, asset values, trust deed and investment decisions to ensure everything is compliant. If anything’s missing or outdated, your fund could face penalties or costly delays.

The good news? With TOP SMSF, you don’t have to worry. We do the heavy lifting—making audits straightforward and stress-free.

What Are Auditors Looking For?

  • Verified asset values: Your property, shares, and other investments must be valued using up-to-date market figures and credible documents (like recent appraisals, statements or market listings).
  • Trust deed updates: Every SMSF needs a trust deed outlining how it operates. This deed must reflect current regulations and be signed by all trustees.
  • Clear investment strategy: Auditors want to see a strategy that matches your risk profile and retirement goals—with an annual review to show you’re on track.
  • Signed meeting minutes and paperwork: Decisions (like buying property or adjusting investment mix) should be recorded in brief meeting notes, each signed and dated.

Common problems with DIY or “hands-off” services:

  • Trustees forget to get valuations or rely on outdated figures.
  • Trust deeds go unchanged for years, missing new rules.
  • Investment reviews aren’t documented.
  • Deadlines slip by unnoticed, risking audit trouble.

How TOP SMSF Keeps You Compliant

  • We create a yearly compliance plan, collecting and verifying every document for you.
  • Our advisers check your trust deed and update it as needed, so your fund’s rules are always up to date.
  • We prompt trustees at key points—review our work, discuss investment strategies, sign where needed—so you meet every audit requirement without the stress.
  • You’ll receive simple notifications, digital signing options, and clear reports, so trustees stay informed but never overwhelmed.

Why It Pays To Have A Specialist Team

SMSF audits don’t need to be a hassle. With an expert like TOP SMSF:

  • You’re protected against hidden compliance risks.
  • You avoid last-minute scrambles for documents.
  • Your fund is reviewed year-round—not just at audit time.

Want to Learn More or Book a Free SMSF Audit Discussion?

Choosing the right SMSF partner can make the difference between stress and security. Contact TOP SMSF now for a no-obligation, educational chat. Discover how we simplify audits while keeping trustees fully in the loop—never in the dark.

Wilbert is a Chartered Accountant. He started his career in accounting with a Melbourne practice, working with clients on all things tax and financial planning. Wilbert holds dual degrees from Monash University – Commerce and Business Information System. His interest in technology led him to creating his own IT practice, Champion IT where he builds website for financial planners and other professionals. He focuses on creating solutions and processes that are efficient, whether this be working on internal systems or working with business owners. When he is not busy with clients or managing his business, he spends most of his time reading, cycling, hiking and kayaking.

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