Audit Checklist

These documents MUST be provided for all funds. Items with (*) MUST be provided or we cannot start the audit:

Full set of Financial Statements, including Notes and Trustee Declaration*Member Statements*Fund Annual Return*Fund General LedgerAny documents requested in a prior year Audit Management LetterATO Income Tax Account & Integrated Client Account StatementsInvoices for material fund expensesAdditional Documents as required below

ADDITIONAL DOCUMENTS REQUIRED FOR THIS FUND:

Please tick and ensure all source documents are provided to enable a convenient and proper audit of the fund.

(If required documents marked "*" are not provided, this may delay the commencement of the audit)

Appointment of Redmans as auditor of the fund:

Signed Engagement Letter*

Trustee Representations:

Signed Trustee Representation Letter*

This is the first year the fund is being audited by us. Items with (*) MUST be provided or we cannot start the audit:

The fund was established during the year. Items with (*) MUST be provided or we cannot start the audit:

Full copy of the signed Original Trust Deed & copies of any deed amendments*Signed ATO Trustee Declarations*Investment Strategy (preferably signed)*Trustee Consent to Act in writing*Signed Member ApplicationsPension Commencement DoucmentationDeath Benefit NominationsCopy of any ATO correspondence

The fund admitted a new member:

Signed Member Application

A member rolled in benefits:

Rollover Benefit Statements showing Preservation and Tax components*

The fund has a new trustee:

Signed Deed of Retirement & Appointment of Trustee*;Individuals/Directors Trustee Consent to Act in writing*;ATO Trustee declarations*; andCopy of the 'Change of superannuation fund details form' lodged with the ATO

The Trust Deed was amended:

Copy of the signed and validly executed Trust Deed*

The fund has a corporate trustee:

Provide a copy of the most recent ASIC company extract*

Income Stream was commenced or ceased:

Pension Commencement or Commutation DocumentsEvidence of Condition of Release if under 65

A member passed away during the year:

Copy of the Death CertificateCopy of Death Benefit Nomination/Reversionary Pension DocumentsMinutes of the trustee for type of death benefits and to whom these will be paidPAYG Payment Summaries for any payments to non-dependants

Family Court Orders

Copy of the Family Court Orders*, orCopy the Splitting Agreement and Consent Orders*

CGT Relief as a result of super changes

Workpapers showing CGT relief calculations on an asset by asset basis

Personal Concessional Contributions were made:

Signed Notice of intent to claim personal super contributionSigned Acknowledgement from the fund

CGT Contributions were made:

Signed CGT Cap Election Form, dated on or before contribution was made*

Contribution was split:

Signed Superannuation Contributions Splitting Application*

In-specie Contributions were made:

Signed and dated Off-market Share Transfer Forms/Property Contract*Evidence of market value at date of contract*

Lump Sum Payment:

Lump Sum Payment Summary if member aged under 60For In-specie Lump Sums, evidence of market value

Member Rolled Out of the fund:

Copy of the signed Rollover Benefit Statement*Statement or Screenshot of the deposit to the receiving Fund*

Splitting Payment made:

Statement or Screenshot of the deposit to the receiving fund*

Unsegregated fund with accumulation and pension interests:

Actuarial Certificate is required*

Bank Statements - first year audited:

Copy of the bank statements for ALL accounts, covering the full financial year*

Bank Statements:

Copy of the bank statements for ALL accounts, covering the full financial yearOr, if applicable, the 30 June Statement and Banklink transaction report

Bank Statements CLASS or BGL360: (Auditor access must be provided)

For accounts with active feed for the whole year, a copy of the 30 June statement*For all other accounts and term deposits, all statements are required*

Shares / Listed Trusts

Brokers Summary or Holding Statements as at 30 June*Dividend/Distribution StatementsBuy/Sell Contracts

Shares / Units acquired this year:

Provide the SRN or HIN and postcode for each shareholding*

WRAP Accounts or Managed Funds:

Portfolio Valuation at 30 June, showing the account owner*Detailed Transaction ReportRealised & Unrealised Gains ReportAnnual Tax StatementAudit Report on Internal Controls of the Service Organisation

Options and Contracts for Difference:

Copy of all buys/sells/swaps made during the year to the trading accountValue of the 'Open' Positions at 30 June*

Unlisted Companies or Trusts, first year audited or purchases made during the year

Copy of the ASIC Company Statement or Unit RegisterCopy of Share cerificates / Unit certificates

Unlisted Companies or Trusts each year:

Company or Trust Financial StatementsEvidence of Market Value

Related Trust, Company, Partnership or JV - first year audited:

Copy of the Trust Deed/Company Constitution/Partnership or JV AgreementCopy of the ASIC Company Statement/Unit Register

Related Trust, Company, Partnership or JV - each year:

Financial StatementsTax ReturnEvidence of market value

Property - first year audited:

Property purchased from a related party:

Copy of the valuation obtained prior to transfer (no older than six months)Evidence that the property is Business Real Property

Property:

Current Lease agreement or evidence of validly exercised lease optionUpdated Market Valuation (if last valuation more than 2 years ago)Updated Rental Appraisal (if last appraisal more than 2 years ago)Annual Rental SummaryInvoices for material expenses and capital improvementsCopy of annual insurance policy

Property - Certificate of Title Required

Current Certificate of Title

LRBA - First year audited

Signed copy of the Bare Trust DeedLoan Agreement showing the loan is "limited in recourse"

LRBA - Subsequent years

Loan statements for the full year

LRBA - Subsequent years (related party)

Repayment scheduleReconciliation of payments and interest for the year

Loans to others - first year audited:

Copy of signed loan agreementSchedule of Interest & RepaymentsEvidence of security taken for loan

Loans to others - each year

Loan statementsIf loan is in arrears, evidence of enforcing terms of the loan agreement

Bullion

Invoices for any bullion purchased during the year, showing SMSF as ownerEvidence of existence at 30 June if not held at a bullion exchange (eg photos)Evidence of market value

Collectibles - first year

Purchase Invoices showing SMSF as the ownerDecision of the trustees in writing of where items to be stored

Collectibles - each year

Evidence of where the items are storedEvidence of market value at 30 JuneCopy of insurance policy showing ownership by the fund

Collectibles - sold to a related party

Evidence of market value obtained from a qualified, independent valuer

Fund pays member life insurance premiums:

Copy of the current Life Insurance Policy showing ownership & premiums paid

Please provide any additional information about the fund that will assist with our audit:

Engagement & Representation Letters

FAST AUDIT SMSF CHECKLIST

Fund Assets & Liabilities

Actuarial Certificate

Listed Shares & Trusts

Unlisted Trusts, Companies or Partnerships

Related Trusts, Companies, Partnerships or Joint Venutures

Property

Loans

Collectables

DOCUMENTS REQUIRED

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