1-3
Governing documents and structure
Trust deed, trustee structure and eligibility, trustee minutes and decision records.
Super Informed
Free checklist for Australian SMSF trustees
2025-26 financial year edition
SMSF Audit Checklist for 2025-26
Know what to review and what records to have ready before your SMSF audit starts.
Get the free checklist
Sent to 500+ SMSF trustees
Free 7-page PDF
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A practical 7-page PDF for Australian SMSF trustees preparing for audit.
- 20 audit preparation areas
- Records to have ready
- Common follow-up triggers
What does the SMSF audit checklist cover?
4-7
Assets and valuations
Investment strategy, sole purpose test, market valuations, asset ownership and separation.
8
Contributions
Contribution caps and records, including concessional, non-concessional, bring-forward and downsizer contributions.
9-10
Pension and retirement phase
Minimum pension payments, pro-rata calculations, transfer balance cap events and TBAR records.
11-13
Financial records
Financial statements, member balances, full-year bank and investment statements, expenses and deductions.
14-16
Related parties and borrowings
In-house assets, related party transactions, leases, arm's length evidence and LRBAs.
17-20
Other compliance areas
Insurance consideration, collectibles, prior year compliance, auditor independence and appointment.
Why prepare early
Audit prep is mostly record prep.
The checklist helps you review the evidence before your auditor has to ask.
Audit record file
Evidence to gather before follow-up starts.
- Fund documents
- Year-end evidence
- Follow-up triggers
For SMSF trustees
For the person getting the audit records ready.
- Trustees managing the fund themselves
- Trustees working with an accountant
- Corporate trustee directors preparing records
SMSF Audit Checklist FAQ
Quick answers before you request the checklist.
Yes. Enter your first name and email address and the checklist will be sent to your inbox.
You will be subscribed to Super Informed when you download it. It is free, and you can unsubscribe at any time.
As early as possible after 30 June. The checklist is designed for SMSF trustees preparing records for the 2025-26 financial year.
The auditor may issue an audit qualification or lodge a contravention report with the ATO. The checklist helps trustees identify records and issues to review before the audit begins.
Get the SMSF Audit Checklist.
Subscribe free and we will send the 2025-26 checklist to your inbox.
- Free PDF
- Sent to 500+ trustees
- Unsubscribe anytime