These Terms & Conditions govern the provision of audit services by TGC Auditing Pty Ltd ATF TGC Auditing Trust (“we”, “us”, “our”) to clients (“you”, “your”). By engaging our services, you acknowledge and agree that the engagement will be performed in accordance with APES 305 Terms of Engagement, relevant Australian Auditing Standards, and applicable legislation.
1. Scope of Services
We provide independent audit services for self-managed superannuation funds (SMSFs) in accordance with applicable Australian legislation, auditing standards, and professional requirements.Our role is limited to forming an independent audit opinion on the financial and compliance position of the fund. We do not prepare financial statements, provide accounting services, or provide financial or legal advice.
2. Engagement
All audit engagements are subject to acceptance at our discretion. An engagement is confirmed upon receipt of a signed engagement letter or written instruction to proceed.You acknowledge that the accuracy and completeness of information provided to us is the responsibility of the trustee and/or their appointed representatives.
3. Client Responsibilities
You agree to provide complete, accurate and timely information required for the audit. This includes all financial records, supporting documentation, and relevant explanations.Audit reports are prepared based on the information provided to us. We do not verify the authenticity of all documents provided and rely on the accuracy and completeness of the information supplied.Delays in providing information may impact audit completion timeframes and may result in additional fees where significant additional work is required.
4. Fees and Payment
Audit fees are based on the nature, size and complexity of the fund, as well as the quality and completeness of records provided.Our standard pricing applies unless otherwise agreed in writing. Additional fees may apply where the audit involves complex structures, incomplete records, or additional compliance work.Payment terms are as specified in our invoice and must be complied with prior to the release of the final audit report unless otherwise agreed.
5. Turnaround Guarantee
We guarantee a standard audit turnaround of 1 to 5 business days, provided that all required documentation is supplied in full at the commencement of the audit. This guarantee applies only where, in our reasonable opinion, the information provided is complete, accurate, and does not require further clarification, additional requests, or follow-up. Where documentation is incomplete, unclear, or additional issues arise during the audit process, the turnaround guarantee will no longer apply and the timeframe will be extended at the discretion of the auditor. We reserve the right to prioritise work based on operational requirements, complexity of the fund, and professional obligations. Where delays occur outside of these conditions, we will communicate this with you as soon as practicable.
6. Independence and Compliance
We maintain independence in accordance with applicable professional and ethical standards, including APES 110 Code of Ethics for Professional Accountants. We reserve the right to decline or discontinue an engagement where independence requirements cannot be satisfied or where conflicts of interest arise.
7. No Legal or Financial Advice
Our services are limited to audit and compliance reporting. Nothing in our communications, reports or correspondence should be construed as legal, financial, taxation or investment advice.You should seek appropriate professional advice where required.
8. Confidentiality
We will maintain the confidentiality of all information obtained during the course of the engagement and will not disclose such information to third parties except where required or permitted by law, or where necessary to fulfil our professional obligations.
9. Limitation of Liability
To the maximum extent permitted by law, our liability is limited to the amount of fees paid for the services provided.We are not liable for any indirect, incidental or consequential loss, including loss arising from reliance on information or audit reports prepared based on incomplete, inaccurate or misleading information provided to us.
10. Use of Audit Reports
Audit reports are prepared for the specific purpose of compliance with SMSF regulatory requirements and should not be relied upon for any other purpose.We accept no responsibility for reliance placed on our reports by any party other than those for whom the report is prepared, unless required by law.
11. Termination
We may terminate an engagement at any time where there is a breach of these terms, failure to provide required information, or where professional or regulatory obligations require us to do so.Fees may still be payable for work performed up to the date of termination.
12. Governing Law
These Terms & Conditions are governed by the laws of Queensland. Any disputes arising will be subject to the jurisdiction of the courts of that state.
13. Updates to Terms
We may update these Terms & Conditions from time to time. The most current version will be available on our website.