SMSF Audits
The preparation of self-managed superannuation fund (SMSF) financial statements is a well understood process by Accountants in the industry. Advancements in technology has seen a rapid rise in low cost compliance solutions for accountants and their clients. TM Accounting embraces increased efficiency and works with accountants using forefront technologies to better service accountants and their clients through the provision of our quality audit service.
SMSF's are heavily regulated, there is a large umbrella of legislation that shelters members in the superannuation environment, and this increased complexity has also created a sub industry of professionals who specialise in SMSF. The depth and breadth of the laws and regulations is often the cause of concern, keeping accountants up in the early hours of the morning. Dotting your i's and crossing your t's can be a time consuming process. TM AUDITING specialises in the provision of SMSF advice and audit and continues to assist accountants in areas outside their particular field of specialisation, by working through the problems that invariably arise in the provision of a SMSF service to their clients.
Typically the common areas of concern for our Accountants relate to LRBA's, 13.22C trusts, related parties, contributions limits, superstream, selling a business, market valuations, paying pensions, reversionaries, death benefits or estate issues. The questions that often arise from these areas of concern are easy to provide an opinion on with a simple phone call, and one of the reasons why accountants use TM AUDITING , as issues can be tackled head on during the client contemplation and planning stage, well before any structures or strategies are put in place.
We will conduct our financial audit in accordance with Australian Auditing Standards and our compliance engagement in
accordance with applicable Standards on Assurance Engagements, issued by the Auditing and Assurance Standards Board
(AUASB). These standards require that we comply with relevant ethical requirements relating to audit and assurance
engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement and that you have complied, in all material respects, with the specified requirements of the SISA and SISR.
SMSF's are heavily regulated, there is a large umbrella of legislation that shelters members in the superannuation environment, and this increased complexity has also created a sub industry of professionals who specialise in SMSF. The depth and breadth of the laws and regulations is often the cause of concern, keeping accountants up in the early hours of the morning. Dotting your i's and crossing your t's can be a time consuming process. TM AUDITING specialises in the provision of SMSF advice and audit and continues to assist accountants in areas outside their particular field of specialisation, by working through the problems that invariably arise in the provision of a SMSF service to their clients.
Typically the common areas of concern for our Accountants relate to LRBA's, 13.22C trusts, related parties, contributions limits, superstream, selling a business, market valuations, paying pensions, reversionaries, death benefits or estate issues. The questions that often arise from these areas of concern are easy to provide an opinion on with a simple phone call, and one of the reasons why accountants use TM AUDITING , as issues can be tackled head on during the client contemplation and planning stage, well before any structures or strategies are put in place.
We will conduct our financial audit in accordance with Australian Auditing Standards and our compliance engagement in
accordance with applicable Standards on Assurance Engagements, issued by the Auditing and Assurance Standards Board
(AUASB). These standards require that we comply with relevant ethical requirements relating to audit and assurance
engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement and that you have complied, in all material respects, with the specified requirements of the SISA and SISR.
