SMSF Audits

Discover the benefits of outsourcing your clients SMSF audits to BCS and reduce:
The risk of an ATO audit; the likelihood of compromising your relationship with your client; the cost of your PI insurance and the strain on your business by having your professional staff perform routine compliance audit work and free them to work on more profitable and interesting assignments.

We can also provide you with access to technical superannuation advice.

What can you expect?

No surprises. We strive to deliver a consistent and efficient level of service, and offer fixed prices
Honesty and integrity guarantees your peace of mind in retaining your client relationship. You are our client, and we will not solicit other work directly from your clients. If we are approached by your clients, we will contact you immediately.
Communication is important to us. We will respond to you promptly and consult with you on any regulatory breaches
We value our relationship with each accountant, and try to add value to your practice beyond the audit process
We work as a team. During the course of our engagement, you will have contact with our team of trained auditors who are technically up to date
A sensible audit approach - As Chartered Accountants, BCS adheres to Australian Auditing Standards. As such, we focus on risk, materiality and adherence to SIS.
Assurance of quality and consistency via specialised processes and checklists

How does it work?

Every accountant is different. Our flexible approach allows us to work with you throughout the process:
We offer a complimentary training session to you and your staff at your office whereby we provide you with an Accounting Checklist to assist in the construction of your workpaper file.

We are obliged to issue you with:

Engagement letters including our quotation,
trustee representation letters,
If required, a template letter to your trustees explaining the need to outsource this audit

Original documentation can be mailed to us; otherwise we accept electronic copies of documentation via CD/DVD or email. If it is necessary, we will come to your office to perform the audit, but we prefer to work from our office rather than interrupt your staff, and use your resources.

Timing, deadlines and audit issues are discussed with you on an ongoing basis.

Reporting of breaches – we issue a management letter to you for non material issues, and discuss contraventions in advance of qualifying the audit report.

Finally, we mail to you our signed audit report and invoice. (Each audit report is signed by the audit partner).

How long does it take?

We are committed to completing each audit within 2 weeks. This excludes funds sent to us in the months of February and March, and those funds which have incomplete information or contraventions which will take longer.

If you have a fund requiring an urgent audit, please feel free to contact Dana Kinghorn on (02) 9248-2500.

How much does it cost?

Base fee $600 (incl. GST)

An increased fee may apply where:

the SMSF fund value exceeds $1,000,000 and/or has more than 12 investments,
If a title search is required for investments in real estate either owned directly or via a trust or company,
If the SMSF has Instalment Warrant Loans,
Where a contravention notice is issued.

We accept payment by cheque, EFT or credit card.

Introductory welcome offer

We will give you a 10% discount on the first superannuation audit sent to us.

Where to next?

Please contact us to arrange a no obligation meeting and let us show you why you need to outsource to
BCS – the superannuation audit specialists.