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Ashfords Audit and Assurance

SMSF Compliance

Confidence in your fund begins with how it’s reviewed.

Annual SMSF audits aren’t just a legal requirement — they’re a key part of good fund management. A thorough audit confirms your fund is managed correctly, with accurate records and compliance.

Whether your fund holds simple investments or more complex assets, regular compliance reviews help highlight issues before they become problems. A consistent audit process supports trustees, advisers, and members alike — maintaining trust in the structure while supporting a confident approach to future decisions.

"Whenever we have had a question out of left field, Ashfords has welcomed the challenge. I would have no hesitation in recommending Ashfords."

Ken Hill
Finance Manager of PM Control

Ashfords Audit and Assurance — SMSF Compliance FAQs

Common Questions, Answered

Why is an SMSF Audit required?

What happens if my SMSF is found non-compliant?

What happens if my SMSF is found non-compliant?

Non-compliance can lead to penalties, loss of tax concessions, or even disqualification of the fund. A professional audit ensures issues are identified early and addressed before they become serious.

How often do I need this audit?

SMSF audits are required once every year. Trustees must appoint an independent, qualified auditor annually to review the fund.

Assurance within your SMSF often triggers broader questions about structure and reporting.

It's common for trustees to review how contributions, investments and compliance are managed. That visibility can support wider advisory conversations around tax, estate planning and financial reporting.

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Ashfords Accountants & Advisory acknowledges the Traditional Owners of this land, the Wurundjeri Woi Wurrung and Bunurong People, and recognises their continuing connection to the land and waterways. We pay our respects to their Elders past, present and emerging and extend this to all Aboriginal and Torres Strait Islander People.