Navigating the road to business success can be challenging enough and as the saying goes, you don't know what you don't know.
It does not have to be that way!
While business audits provide independent assurance and verification that add credibility to a business, they can also provide an opportunity to review the business and increase business knowledge by adding value beyond the financial statements
The insights gained through an audit can help the business's management team to make refinements to their strategy, operations and overall workings.
Our audit team works on an integrated basis, in other words, nothing is ever reviewed in isolation all elements of your business are interrelated and are treated as such.
Our divisions have the experience, industry knowledge and expertise to provide a fresh perspective that allows you to focus on the outcomes you seek.
Self-Managed Super Funds Audits
While having a self-managed super fund allows you the flexibility and control with your investments, the compliance side can be very daunting.
An SMSF must be audited every year.
And an audit is required even if no contributions have been made into the fund and no benefits have been paid in the financial year.
What does an SMSF audit do?
Simply, it ensures your SMSF fund is running properly and is compliant with the ATOs requirements.
Issues can arise when;
- The fund is not administered properly
- The trustees act on incorrect advice
- General lack of understanding as to what you can and cannot do
A proper audit of your SMSF will ensure any compliance issues are quickly identified and an action plan can be implemented to rectify the issues.
For more information on our auditing services, contact Rhodes Docherty today.