SMSF Audit Independence

With the new audit independence standards in force since 1 July 2021, it is crucial that firms have appropriate arrangements in place to protect their business from independence risks.

Effectively, firms now have to choose between providing accounting and compliance services to SMSF clients, or conducting the audit. If in any doubt, you should engage a quality independent auditor that you can trust – that’s where we come in.

Banks Group Assurance Pty Ltd (BGA) currently handles SMSF audit assignments for several accounting firms across Australia.

Click here to find out the key benefits of using BGA to conduct your audits.

If you have any questions or would like to discuss arrangements to ensure you comply with the incoming independence standards, please don’t hesitate to get in contact with our experts:

Andrew Fisher | Partner

Jaco Vorster | Partner

Alex Young | Registered SMSF Auditor

Talk to us…

    Banks Group is an association of independent firms that operate in Melbourne, Sydney and Auckland under the same trading name. Neither the Melbourne Banks Group, Sydney Banks Group or Auckland Banks Group are partners or agents of each other and shall not be liable for any act or omission of each other. Liability limited by a scheme approved under Professional Standards Legislation


    All services are provided as a Corporate Authorised Representative of Magnitude Group Pty Ltd (ABN 54 086 266202, AFSL 221557).


    Financial Planning Services provided as an authorised representative of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Count advisers are authorised representatives of Count.

    "Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited".