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How To Save Your SMSF Audit Fees When Independence Standards Change
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What do these changes bring?
SMSF auditors will not be able to perform the audit of a fund where the same firm or even network firm that has done any appreciable accounting work on that fund. If this is you, then this news will bring drastic changes.
What does this mean?
Realistically, you now have to hand all your funds out to an external auditor to be audited. Now, if you have 100 funds, and you charge $500, each, you've just handed $50,000 worth of work to someone else.
That's the rules... That's the risk that we took doing the audits in house.
This means there will now be a marketplace of both auditors and accountants either looking for audits or looking for someone to do their audits.
While you charge $500, you'll be competing against people with systems in place, who can afford to do it for $300-$400...
This makes it very hard for your firm to compete with and would most likely mean the fees you get from these audits will drop when these changes come around.
🔥 How AuditMatch can save your SMSF Audit fees 🔥
We've been working on an exclusive service that will provide you with the perfect solution to keep your SMSF audit fees when the changes come.
We call it AuditMatch ✔️. Here's how it works.
If you give us 100 funds to audit, we will find the auditors for those funds, but then we will find 100 funds for you to audit. The fee that you pay for the audits is the same as the fee that you bill the other funds, so there will be no reduction in fees at all.
We've got a portal set-up where all communications will be through the portal.
So from your point of view, you go into the portal. You go to A&B superfund, you communicate through the portal, it goes up to the auditor, the auditor comes back to you through the portal, it's all there in the portal to make it much easier.
If this is something that interests you, click on the image or button below.
Register your interest & we will come back to you on how we can save YOU your SMSF Audit fees when the changes come…