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I have an smsf audit for which we do not have full documentation , but I suspect a contravention , which the Trustees have realised . The Trustees now do not want me to finalise my Audit with a contravention and instead want to go shopping for a new auditor ( who will not contravene ) . Should I finalise my Audit with a contravention for incomplete source documents and a contravention for suspected in house asset breach ? Answer please . Laurie c
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Yes qualify the audit and put in management letter all your concerns.
Raise contravention report, notify trustees of your intention to send to ATO.
Forward contravention report to ATO, let them investigate, your role is only to bring to the ATO's attention concerns. It is the role of the ATO to determine if your concerns are valid and how they will proceed.
As you say, the trustees are auditor shopping, so means they suspect something is wrong, why should you be quiet in doing your job. Your silence could make you an accomplice. Sounds like they are trying to put pressure on you and influence your report. No respect for you in your role as the auditor.