Introduction
For accountants and administrators, one of the most common questions about SMSF audits is how much they cost. SMSF audit fees vary across firms, and the pricing structure often comes down to a choice between fixed fees or hourly rates.
At SMSF Audit Link, we believe fixed fees provide greater transparency, independence, and value. But let’s explore both options so you can decide which model works best.
Why SMSF Audits Are Required
Every self-managed super fund (SMSF) in Australia must undergo an annual SMSF audit. This is a legal requirement set by the ATO. The audit ensures:
– The financial statements are accurate.
– The fund complies with superannuation laws under the SIS Act.
By law, audits must be conducted by an independent SMSF auditor with ASIC approval and appropriate professional qualifications such as a CPA qualification.
Understanding SMSF Audit Fees
The cost of an SMSF audit can depend on:
– The complexity of the fund (e.g., property, LRBA loans, unlisted investments).
– The quality and completeness of documentation provided.
– Whether compliance issues are identified during the SMSF audit process.
This is why some firms charge hourly, while others offer fixed SMSF audit services.
Hourly SMSF Audit Fees
Under an hourly model, SMSF auditors charge based on the time spent reviewing financial statements, compliance, and documentation.
✅ Advantages:
– Flexible for simple funds.
– Costs reflect actual time spent.
❌ Disadvantages:
– Hard to predict costs upfront.
– Complex audits can quickly become expensive.
– Trustees and accountants may feel uncertain about the final bill.
Fixed SMSF Audit Fees
Fixed SMSF audit fees offer a set price per audit, regardless of how much time the auditor spends.
✅ Advantages:
– Clear, predictable costs.
– Easier budgeting for firms and clients.
– Encourages efficient processes and technology use.
❌ Potential Drawback:
– Some auditors may charge higher fixed fees to cover complex funds.
At SMSF Audit Link, we provide fixed fees that are transparent, competitive, and backed by our independent expertise.
Why Independence Still Matters
Regardless of whether fees are fixed or hourly, independence is critical. The ATO requires every SMSF to have an independent SMSF audit. This means the SMSF auditor must not prepare the fund’s accounts or provide trustee advice.
At SMSF Audit Link, we only perform audits — never accounts — guaranteeing compliance and trust.
Online SMSF Audits and Efficiency
Technology, such as online SMSF audit platforms, has made fixed fees more practical. By securely connecting with systems like BGL, Class, and SuperMate®, auditors can streamline data collection, track the SMSF audit process, and deliver results faster.
This efficiency means firms can keep SMSF audit fees fair and predictable without sacrificing quality.
SMSF Audit Sydney and Nationwide Services
Based in Sydney, SMSF Audit Link provides professional SMSF audit services across Australia. With fixed fees, independence, and CPA-qualified auditors, we ensure every audit meets SMSF audit requirements with a guaranteed 3–5 day turnaround.
Final Thoughts
When it comes to SMSF audits, fixed fees generally provide better value than hourly rates. They give accountants and administrators certainty, while ensuring independence and compliance.
At SMSF Audit Link, we specialise in independent SMSF audits with fixed, transparent fees. Every file is reviewed by a senior, CPA-qualified, ASIC-approved SMSF auditor, giving you confidence in the process.
Whether you’re looking for an SMSF audit Sydney solution or a secure online SMSF audit Australia-wide, our team delivers accuracy, independence, and efficiency.