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SMSF Audits

Why you need NTAA SMSF Audits

The ATO has made no secret about its concerns with auditor independence. With this in mind, the ATO have now introduced NEW labels on the SMSF return.

What can this mean to you and your clients?

Auditor independence is one of the greatest challenges facing tax practitioners. Changes to the SMSF Return now illustrate the unprecedented level of importance the ATO now place on this issue.

Your Solution

C.A. Network Pty Ltd ("CAN"), a wholly owned subsidiary of the NTAA, has entered into an Australia-wide agreement with Baumgartner Partners.

Under the agreement, Baumgartner Partners has agreed to provide SMSF audits to NTAA members and their clients for as little as $595.

How does the fee structure work?

The fee for the audit will depend on the category of SMSF and this usually depends on the type of investments the fund makes.

What size SMSF?

The fees in the table below apply regardless of the fund's size or number of investments.

As such, the vast majority of SMSFs will pay only $595 for their audit.

Your next step?

Download the SMSF Audits Order Form at the bottom of this page, fill out the details and fax it to us on 1300 306 351.

Importantly, there is NO limit to the number of investments or transactions the fund has undertaken for these prices to apply.

Category	Type of Investments	Fee (GST incl.)
Green	Listed company shares, widely held trusts, term deposits	$595
Amber	Non-standard investments such as related party transactions, golf club memberships, artwork, real property provided to an unrelated party and all other property investments	$895
Red	You don't want to audit it. We will. This category includes funds which have borrowed for the first time	Fee on application