Auditflow SMSF: The simple way to audit SMSFs

SMSF auditors enjoy many advantages from Auditflow SMSF. Among its many benefits, Auditflow SMSF:

• Is an easy-to-use and systemised SMSF audit approach
• Clarifies the audit process
• Is browser based and accessed online
• Provides full back-up of your audit files
• Is always up-to-date
• Utilises a pay-per-use approach, eliminating annual licensing fees
• Provides a process to enable compliance with Professional and Auditing Standards
• Ensures the security of all files as each audit file is safeguarded via username and password encryption
• Comes with online support and training videos

As with all audits, the audits of SMSFs must comply with the required auditing standards and Auditflow SMSF has been developed based upon these standards. This ensures the application provides an auditing process that assists the auditor in complying with the mandatory Professional and Auditing Standards.

In particular, the development of Auditflow SMSF followed the Guidance Statement GS 009 Auditing Self Managed Superannuation Funds issued by the Auditing and Assurance Standards Board. This ensures that Auditflow SMSF is an application that is practical, relevant and compliant with Professional and Auditing Standards.

How it works

The Auditflow SMSF application:

• Provides a systemised process to approach and deploy the audit
• Captures all relevant client and third party data required to satisfy Australian Auditing Standards
• Ensures administrative and technical tasks are completed so that Australian Auditing Standards are met
• Creates necessary letters and reports for the audit process.