How small accounting firms can start outsourcing their audits

We had a question from a fellow CPA member recently and thought it was worth a re-share to provide insight in to the way Simply Super provides secure outsourcing for small accounting firms.

“As we move forward into tightening the audit requirements of SMSF, that will affect smaller firms more than larger firms. For those in private practice going to move or organise audits of SMSF going forward

How are you planning on outsourcing this area? Or more specifically, advising the clients who they should use.

Are you looking at audit firms on your area or outside your area?

If you audit to SMSF outside of your region how do you want the information provided to you?” - Darren

Great question…

We do audits for a number of smaller accounting practices across Tasmania and Regional Victoria.

We have developed some in-house software called Simply Submit that allows a direct transfer of information from our referring accountants server/PC to our server through a series of authenticating IP addresses. We have used programs such as Dropbox in the past but have found these to be insecure (often due to operator issues etc.)

We have also found over the past couple of years with the domination of Class and BGL360 in the marketplace we are now utilising software called Cloudoffis that allows a link on ledger information from this software. We have also noticed it seems as though BGL360 are now also passing documents at the transaction and also account level.

Utilising technology whilst also employing local accountants and auditors we have found to be a great mix for us and our referring accountants.

If you are a small accounting firm needing to outsource your audit requirements, get in touch with us here