Technical Aspects

Here are several important technical aspects connected with the auditing of an SMSF.

  1. The Accounting and Auditing functions must be segregated – they cannot be performed by the same person.
  2. SMSF Auditing standards

GS009 Guidance Statement 009released in August 2011.

This version has been updated for:


  • The new suite of ‘clarity’ Auditing Standards that became operative for reporting periods that commenced on or after 1 January 2010
  • ATO current requirements applicable to the 2010/11 reporting year
  • Current superannuation legislation updates
  • Practical issues that may be encountered on SMSF audits.


The Guidance Statement also contains a range of specimen documents including an engagement letter and an audit report (see appendices 1 and 3 respectively). These documents can be viewed by following the link above.

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