SMSF audit: Where is your fund’s trust deed and investment strategy?

Q: Do I need to provide a copy of my super fund’s trust deed and financial strategy to my SMSF fund auditor in order to complete the auditing process?

‘Yes’ is the answer, based on the ATO publication ‘Auditing a self-managed super fund’, which provides instructions for SMSF auditors. You can read the list of questions a SMSF auditor should ask a SMSF trustee by clicking on this link.

Note: Also, under section 35C(2) of the SIS Act, a trustee must give an appointed auditor any documents requested in writing by the auditor within 14 days.

The ATO publication, ‘Approved auditors and self-managed super funds – Role and responsibilities of approved auditors’ also explains what’s involved in a SMSF audit. Click here to access a copy of this document.