FAQs

How do I know if I need an SMSF audit?

Anyone who runs a self-managed superannuation fund (SMSF) must ensure that a registered SMSF auditor audits the fund annually.
Why can’t I do the audit myself?

Auditing your own advice is challenging. While accounting firms might have a degree of separation between their advisory and compliance divisions, in reality, these this may result in a reluctance to raise issues that could compromise the firm. Independent SMSF auditors play a critical role in helping to maintain the health and integrity of the SMSF through truly independent assessment.
What is the role of an SMSF auditor?

Anyone who runs a self-managed superannuation fund must, by law, ensure that the fund is audited at the end of each financial year by a registered SMSF auditor. An SMSF auditor is responsible for ensuring the fund’s compliance with superannuation rules and regulations, as well as checking that all financial records are valid and accurate. SMSF auditors operate under the Superannuation Industry (Supervision) Act 1993.
Do you do accounting and tax work as well?

No, Ryecrofts is a boutique firm who specialises only in audits. We do not offer any accounting or tax management services.
How can I ensure that all of the information I share is treated with confidentiality?

We treat all of the client information and documentation shared with us as confidential.

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