[The Auditors Institute Ltd]

Hello Jean

Whilst I have no personal concerns with Swyftx as a platform, the problem that we encounter as SMSF auditors where the assets are held by custodians on behalf of the trustee of the SMSF, is that in the absence of a Type 2 Report attesting to the internal controls of the custodian entity, we cannot be satisfied about matters such as existence and valuation.

Hence the likely need to qualify Part A of the audit report in relation to the BTC investment, assuming it is a material investment.  However, I do not see a need for a Part B qualification and/or ACR.

Best regtards

The Auditors Institute