The new service, One-Click Audit, allows Class administrators to submit an audit request to an integrated audit partner via Class Super, according to a media release from Class yesterday.
Class said the integration allows a request to be instantly submitted to the audit partner’s system, flagging the fund as being ready for audit. Audit partners are then able to provide real time updates to Class on the audit’s status and push through documentation and associated details on audit completion.
The first organisation to integrate with the solution is ASF Audits.
“Through this integration with ASF Audits, we can provide mutual clients with a seamless experience from SMSF administration right through to audit completion. This is really the start of being able to remove friction in this process across the industry via automation,” said Class chief executive Kevin Bungard.
Read more:
ASIC ups scrutiny of licensing applications
SMSFs warned on ‘unpredictability of banks’
Great idea. Well Best thing I have ever about SMSF. Go ahead , congrats.