Would you like to receive an order form to arrange an audit?

Please send me an order form via:

email mail fax

Fax back to 1300 306 351

Member No: ..................................................................

Name: ..................................................................

Company: ..................................................................

Address: ..................................................................

..................................................................

State: ................... Postcode: ..................

Phone: ..................................................................

Fax: ..................................................................

Email: ..................................................................

SMSF

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Audits

C.A. Network Pty Ltdc/o National Tax & Accountants' Association Ltd29-33 Palmerston CrescentSouth Melbourne Vic 3205Tel: (03) 9209 9999Fax: (03) 9686 4744Web: www.ntaa.com.auEmail: cansuperaudits@ntaa.com.au ABN: 76 057 551 854* This service is being referred through C.A. Network Pty Ltd (“CAN”) (a wholly

owned subsidiary of the NTAA) as agent for Baumgartner Superannuation as principal supplying the audit service.

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Baumgartner Superannuation is a market leading provider of independent SMSF audits to the accounting profession.

Baumgartner Superannuation believes their business is about relationships. They strive to provide excellent proactive service and advice to accountants through fully understanding their clients’ needs. In turn, they respect the accountant’s relationship with their clients, and take all steps necessary to protect that relationship.

Specialising in SMSF audits allows Baumgartner Superannuation to provide their clients with the most efficient, timely and cost-effective audit possible. However, whilst efficiency is important, Baumgartner Superannuation does not compromise in its commitment to quality in everything that they do.

Why should you outsource your SMSF audit work?

1. Your client relationship is protected and guaranteed. Baumgartner Superannuation is there only to assist

you to uphold the relationship you have with your client. In other words, you keep the client.

2. You keep the lucrative part of the work. Outsourcing the SMSF audit work allows you to spend more time on profitable work for your client and firm.

3. Less stress for you.

4. You can reduce your PI insurance premiums.

5. Quick turnaround. Audits are completed in an average of 10 working days.

6. Australia-wide service.

Alternatively, you can receive an order form by either:

Downloading from our website www.ntaa.com.au

or

Calling our friendly staff on 1800 808 105.

Why use our audit service?

Avoid problems with auditor independenceYour client relationship is protected

Less stress for youReduce PI insurance premiumsReduce the audit risk for clients

Australia-wide service

ASIC Registered Auditors

10-day turnaround time

Nationa

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A

ccoun t a n t s ’ Associ ation

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APPROVED

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How is it done?The audit will be conducted by email or letter with telephone contact with you as required. An SMSF audit kit, containing a checklist of the required information together with documents, such as an engagement letter and trustee representation letter, will be emailed to you upon receipt of an order.

How long does it take?The service standard that has been set for SMSF audits is three weeks (though the majority of audits will be completed faster than this). You will be contacted if there may be a delay (e.g., due to incomplete documents) extending the audit period beyond three weeks.

What do I get?You will receive a completed audit report, client documentation returned and, if deemed necessary by the auditor, a management letter to the Trustee detailing the audit findings.

Do I need to send original documents?No. Documents can be sent electronically via a secure portal.

What size SMSF?The fees in the table on the left apply regardless of the fund’s size, number of investments, or number of transactions.

As such, the vast majority of SMSFs will pay only $595 for their audit.

From 1 July 2013 only an approved auditor registered by ASIC is allowed to audit an SMSF. Once registered, the approved auditor must meet ongoing competency standards, undertake 120 hours of CPD over a 3 year period and comply with the independence requirements of APES 110.

The feedback we are getting from numerous members is that these requirements are now simply too onerous for them and they will no longer undertake the audits of SMSFs.

Our SolutionBaumgartner Superannuation has been providing SMSF Audit Services to NTAA members for the last 8 years. Baumgartner Superannuation has ASIC registered auditors, will remove the independence concerns from your practice and consistently provide excellent service.

AuditsYour SolutionThe NTAA has an Australia-wide agreement with Baumgartner Superannuation.Under the agreement, Baumgartner Superannuation provides SMSF audits to NTAA members for as little as $330.

Small Super Fund Audits from only $330

How does the fee structure work?The fee for the audit will depend on the category of SMSF and this usually depends on the type of investments the fund makes.

Category Type of Investments Fee (GST incl.)

White

1st year funds with no more than 10 transactions (which includes rollovers and contributions)

‘Introductory Price’ of $330

GreenListed company shares, widely held trusts, term deposits.

$595

AmberProperty, related party investments or transactions, collectables

$895

Red

You don’t want to audit it. We will. This category includes funds which have borrowed for the first time.

Fee on application

Importantly, apart from the introductory price for first year funds with 10 or less transactions, there is NO limit to the number of investments or transactions the fund has undertaken for these prices to apply.

For those members that submit 50+ audits in one financial year, you will be rebated $100 for each fund.

To take advantage of this offer, please call the NTAA on 1800 808 105.

Call us today 1800 808 105

SMSF

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