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ASIC cancels registration of more SMSF auditors.

ASIC CANCELS THE REGISTRATION OF MORE SMSF AUDITORS

28 April 2023

Following the earlier cancellation of 374 self-managed superannuation fund (SMSF) auditors, ASIC has taken further action against 11 SMSF auditors for breaches of their obligations.*  

ASIC found breaches of auditing and assurance standards, independence requirements, and registration conditions. Of the 11 taken action against; 7 SMSF auditors were disqualified, 3 had 
additional conditions imposed on them and 1 was cancelled.

 

ASIC Commissioner Danielle Press said, “SMSF auditors play an essential role in supporting confidence in the SMSF sector. To protect the integrity of the SMSF sector, ASIC will continue to act against SMSF auditors whose conduct falls short or who do not meet their obligations.”

 

Don’t risk the headaches! Superannuation Audit Services has been going for 28 years and counting. Work with a trusted SMSF auditor with a proven track record. 

 

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*via ASIC media release 13 April 2023

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