Frequently Asked Questions

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 is the size and structure of your team?

Our audit team includes Michael Harvey as the registered SMSF auditor supported by a small flexible team.

This includes Bec Scott, who has been with us for over 8 years, and is dedicated to the audit side of our business. Bec is assisted by Chloe on a part-time basis.

We also have Lyn Chatwin who has worked for Simply Super Audits for over 6 years. Lyn works part time and is supported by a trainee accounting graduate Haylee.

Bec and Lyn develop the relationship with our referring accountants’ staff to facilitate audits, work through documentation required and any queries.

Michael is always available to go through scenarios/planning and as a sounding board, and we encourage this to occur to minimise issues down the track.

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.

What are your standard audit fees?

Fees are attached which range from $450 to $615 (GST incl), depending on the complexity of the fund.) Fees are charged per fund, and can be invoiced either directly to the fund or via the accountant. Our comprehensive pricing guide can be found here.

What are the turnaround times for audits?

Turnaround time for audits is 14 days, unless there are any queries, or at peak lodgement dates.

Do you have more questions?