SMSFs must be audited each year by an independent auditor of the accountant and administrator who is preparing the financial statements. Online SMSF audits refer to the process that involves submitting details with the SMSF audit provider via an online portal instead of conventional processes. Online SMSF audits can be more cost-effective and typically would attract a lower fee.

In this episode of SMSF Mate's podcast, Ashwin and Sonny discuss SMSF audits and online SMSF audits, fees and their personal experience with these services in the past.

You can read more on the SMSF Mate website here: https://www.smsfmate.com.au/smsf-onli...