Is this how you feel sometimes?

Are you like the pictures, on your own or too much to do, lacking the resources to do an accounting review? .....so, do you need us to go into a little more depth than a simple audit required by the Superanuation Industry Supervision Act (SISA)?

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What are the benefits of asking us to check deeper? First and foremost, it keeps and in fact enhances your reputation. You see, auditors are only required to audit a Self Managed Super Funds Financials Statements pertaining to relevant sections of the SISA 1993 and SISR 1994 legislation. In fact, the only relevant sections to audit are noted in section B on the ATO Independent Audit Report.

 

So the fact is, an Audit does not replace an accounting review. Let me give you an example; many accountants are surprised that some auditors feel that even the SMSF tax return falls outside the SIS audit perametres, let alone other ancillary documents. Added to that, before errors are flagged, they must exceed materiality limits set by the auditor. Imagine if your client spies a small but embarrassing error down the track that the auditor passed over as immaterial. This does little for your reputation & relationship with your client. Solution? Engage us to go into a little more depth. Its a simple but effective precaution.

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