Frequently Asked Questions
Who will I be working with?
We believe in building strong, ongoing relationships with our clients. You’ll work directly with our experienced team members.
Our Tassie audit team includes Michael Harvey (CPA, SSAud, Approved SMSF Auditor), Haylee Cox (B Bus, SSAud, Approved SMSF Auditor), Annika Lockwood (CPA, Approved SMSF Auditor) and Lyn Chatwin.
You can learn more about our team here.
What are the turnaround times for an audit?
Turnaround time for audits is 14 days, unless there are any queries, or at peak lodgement dates.
What are your standard SMSF audit fees?
Our fees are based on the complexity of each engagement. This allows us to provide fair and tailored pricing that reflects the work involved.
Self Managed Super Fund Audits
How many audits do you currently service?
Currently we audit over 700 SMSF audits for other Tasmanian and regional Victorian, NSW and SA based accountants.
What software and systems do you use?
We use Cloudoffis as the audit software, which works very well with Class or BGL360 to link the necessary reports through. It also has a query exchange portal to streamline any missing information or queries. The system also allows progress and status of audits to be tracked.
We have customised the CloudOffis audit program and templates to suit our audit planning and risk assessment process.
For document exchange/workpapers we have invested with a local IT provider in developing a piece of software called Simply Submit. This software which allows a full file copy of the workpapers folder on your share drive/document system to be copied across to our server seamlessly and securely using authenticated IP technology and your team’s authenticated computers.
Trust Account Audits
What industries do you specialise in for trust account audits?
We have developed our systems working with real estate agencies and accountants. We have an in depth understanding of the specific trust account obligations under the Property Agents Board of Tasmania and Tax Practitioners Board guidelines.
What software are you experienced with?
Our real estate agency and accountant client based has exposed us to multiple industry-leading platforms, including Property Tree, PropertyMe, VaultRE, and Xero.
Do I need to come to the office?
No. We're able to complete trust account audits using electronic documents, so there’s no need for us to be on site. This means that we can work with clients nation-wide. That said, we understand that every client is different—if you'd prefer an in-person approach, we're happy to work alongside your team directly depending on location.
Not-For-Profit Audits
Does my not-for-profit need an audit?
That depends on your organisation's size, structure, and funding requirements. Some NFPs are legally required to have an audit based on revenue thresholds, while others may require one under their constitution, funding agreements, or board policy. We’re happy to help you determine what’s required.
What’s the difference between an audit and a review?
An audit provides a higher level of assurance than a review. Audits involve a more detailed examination of financial records and internal controls, while reviews are more limited in scope. We can help you decide which is appropriate based on your organisation's needs and legal obligations.
What kinds of not-for-profits do you work with?
We work with a range of not-for-profit organisations including charities, community groups, associations, and clubs. Whether you’re volunteer-run or have a full-time team, we tailor our approach to suit your structure and resources.
Do you have more questions?