One of the most common challenges we see time and time again in SMSF audits is the back and forth caused by missing or incomplete information.

In most cases, delays can be avoided with a more proactive and structured approach before the file is submitted to your auditor. Here are our tips five tips on audit preparation that will reduce back and forth and lessen turn-around times.

As we move into the final stages of the 2026 financial year, there are several key focus areas that will continue to attract scrutiny from both auditors and the ATO. We encourage our clients to pay proactive attention to these areas in order to reduce audit delays and avoid non-compliance.

The Federal Government’s proposed tax changes for large superannuation balances, also known as the Division 296 tax bill, has officially passed through Parliament as of last night.

From 1 July 2026, individuals with total super balances above $3 million will pay an additional tax on the portion of their super balance above that threshold. While the reform is primarily a tax policy change, it has flow-on implications for self-managed super funds and the way they are administered, valued and audited.

Accurate asset valuations are one of the most common pressure points we see when auditing self managed super funds (SMSF). While trustees and advisers may believe their documentation is sufficient, small technical oversights can quickly escalate into compliance issues, causing delays, and unnecessary back-and-forth with the auditor.