Business News

Class Super adds audit automation

SMSF administration software specialist Class Super has enhanced its service offering through the inclusion of an automated audit submission process.

The new offering is called One-Click Audit and will allow Class users to make a request to have an SMSF audited by one of the software provider’s integrated audit partners.

Once the process is activated, the request will be sent to the system of the audit partner with the relevant SMSF being categorised as ready for audit.

From there, Class users will receive real-time information on the progress of the audit and will be provided with the relevant details and documentation when the audit has been completed.

The new facility will be activated upon Class Super’s October 2015 release.

Independent firm ASF Audits is the first organisation to integrate its services as part of the offering.

“Through this integration with ASF Audits, we can provide mutual clients with a seamless experience from SMSF administration right through to audit completion,” Class Super chief executive Kevin Bungard said.

“This is really the start of being able to remove friction in this process across the industry via automation.”

The audit partner of ASF Audits Richard Smith said integrating his company’s services with Class Super would make the audit process even smoother for clients.

“This is a significant development for the SMSF audit space, which demonstrates the efficiencies and service improvements available via automation and integration,” Smith added.

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