What Are the Benefits of Conducting a Self-Managed Superannuation Fund Audit?

Smsfauditonlineblog28 Jun, 2023Business

A self-managed superannuation fund (SMSF) audit plays a critical role in ensuring compliance with regulatory obligations. Compliance with these regulations is vital to maintain the fund?s concessional tax status and avoid penalties or legal repercussions. An SMSF audit or possesses in-depth knowledge of these regulations and conducts a comprehensive review to identify any non-compliant activities or breaches.