Are SMSF audits too expensive?

Self-managed super funds: A statistical overview 2009-10

Table 21: 2010 SMSF audit fees

This table illustrates average and median SMSF audit fees reported on the 2010 SMSF annual return. It also distinguishes SMSFs whose auditors performed additional services for the fund and those who only performed the audit service.

These figures are estimated based on SMSF income tax and regulatory return form data.

Auditor provided other services	Average audit fee	Median audit fee
Yes	$882	$550
No	$571	$468
Total	$607	$490

Note: The data for this table excludes those SMSFs that did not report an audit fee >$0 in their 2010 Annual Return.

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