A Self-Managed Super Fund (SMSF) audit is a mandatory annual requirement for all SMSFs in Australia. Under the Superannuation Industry (Supervision) Act 1993, every SMSF must be audited by an ASIC-registered SMSF auditor before lodging their annual return with the Australian Taxation Office (ATO).
The audit covers two key areas: a financial audit examining whether the fund's financial statements are accurate and fairly represent the fund's position, and a compliance audit ensuring the fund has operated in accordance with superannuation laws and the fund's trust deed throughout the financial year.
For the current financial year, SMSF trustees must ensure their fund is audited within the required timeframe to meet ATO lodgment deadlines. The auditor must be independent – meaning they cannot be a member, trustee, or relative of any fund member, and cannot have prepared the fund's financial statements.
Key compliance areas auditors examine include:
SMSF audit fees in Australia typically range from $650 to $1,500 depending on fund complexity. Factors affecting price include the number of members, investment types (property, shares, collectibles), whether the fund has borrowed (Limited Recourse Borrowing Arrangements), and the quality of record-keeping provided.
Through AuditLink, you can receive 3-6 fixed-price quotes from registered SMSF auditors, allowing you to compare fees and choose the best option for your fund. Our auditors quote from $650 for straightforward funds in the current year.
AuditLink connects SMSF trustees directly with ASIC-registered auditors across Australia. Instead of cold-calling auditors or relying on your accountant's recommendation, you can post your job once and receive multiple competitive quotes within 24-48 hours.
All auditors on our platform are verified ASIC-registered SMSF auditors who specialise in self-managed super fund compliance. You can compare quotes, review auditor profiles, and choose the best fit for your fund – with no obligation to accept any quote.
SMSF annual returns are generally due by the following dates:
Your SMSF audit must be completed before these lodgment dates. We recommend posting your audit job at least 4-6 weeks before your deadline to ensure sufficient time for the auditor to complete their work and request any additional documentation.
Post your SMSF audit job on AuditLink for just $39 inc GST. You'll receive 3-6 fixed-price quotes from registered auditors within 24-48 hours. If you don't receive any quotes, we'll refund your posting fee in full – that's our guarantee.