High-Quality Auditing Services for Businesses  in Australia 

  • Expert Auditors — Victoria Park, WA — Atlas Business Solutions

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Expert Auditor, Audit & Assurance Services 

Delving into the world of self-managed super funds (SMSF) can be an empowering approach to securing your financial future. While trustees take responsibility for the fund's operation, SMSF provides an incredible advantage as a tax savings vehicle. Members' contributions under the concessional cap are taxed at a favourable annual rate of 15%. Navigating the complexities of setting up an SMSF may seem daunting, but with expert assistance, it's a worthwhile endeavour. As law mandates, SMSFs require an annual audit by an ASIC-registered auditor. Atlas Business Solutions (ABS) boasts a team of competent, passionate, and experienced auditors ready to guide you through the process, ensuring a seamless and efficient audit within the required time frame. Our dedicated team is committed to creating value for our clients Australia-wide, offering a professional, warm, and approachable experience to ensure your SMSF journey is informative and rewarding.

Our Audit & Assurance Services

  • External and internal audits
  • Public company and other company audits
  • Self-managed superannuation fund ( SMSF) audits
  • Not-for-profit entity audits
  • Real estate and settlement agents' trust account audits
  • Motor vehicle dealers trust account audits
  • Charities and incorporated association audits
  • Strata title and outgoing audits
  • Franchise audits
  • Schools and University account/fund audits

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Frequently Asked Questions

  • 1. What is an SMSF audit, and is it mandatory?

    An SMSF audit is an independent annual review of a self-managed super fund's financial statements and compliance with superannuation law. It's mandatory for every SMSF, regardless of fund size or activity level.

  • 2. Who is qualified to audit an SMSF?

    SMSF audits must be conducted by an ASIC-registered SMSF auditor who is independent from the fund's accountant or financial adviser preparing its records.

  • 3. What happens if my SMSF fails an audit?

    If an auditor identifies a compliance breach, they may be required to report it to the ATO. Depending on severity, this can result in penalties, fund disqualification, or a requirement to rectify the issue within a set timeframe.

  • 4. How long does an SMSF audit take?

    A standard SMSF audit typically takes one to two weeks once all required documentation (bank statements, investment records, trustee minutes) has been provided.

  • 5. Do companies other than SMSFs need audits?

    Some companies and organisations are required to have their financial statements audited under the Corporations Act or their own constitution — for example, larger proprietary companies or certain not-for-profits.

  • 6. What documents do I need to provide for an audit?

    Typical requirements include bank statements, investment and asset records, trustee/board meeting minutes, insurance policies, and prior-year financial statements.

  • 7. How much does an SMSF or company audit cost?

    Audit costs vary based on the fund or company's complexity and the volume of transactions. Contact Atlas Business Solutions for a quote based on your specific fund or organisation.

Trust your auditing to the professionals at Atlas Business Solutions