Approved auditors for self-managed super funds

Your role as an approved auditor is to perform a financial and compliance audit of a self-managed superannuation fund's (SMSF's) operations for the income year and give the trustees a report in the approved form within the specified period after the end of the income year.

From 1 July 2013, you must be registered as an approved SMSF auditor with the Australian Securities & Investments Commission (ASIC) to conduct SMSF audits. You can register with ASIC from 31 January 2013. For more information about the registration requirements and registration process, visit their website at www.asic.gov.au/smsf-auditor

Your responsibilities

You, as the approved auditor, and the trustees are responsible for the audit of the SMSF.

The trustees must appoint an approved auditor and provide you with all relevant documentation to conduct and finalise the audit within the specified timeframe.

Your audit report

You must audit a fund's compliance in accord with the provisions of the Superannuation Industry (Supervision) Act 1993 (SIS Act) and the Superannuation Industry (Supervision) Regulations 1994 (SIS regulations). As the regulator of SMSFs, we publish an approved form for the audit report - Self-managed superannuation fund independent auditor's report (NAT 11466) - which prescribes the provisions of the SIS Act and SIS regulations that must be included as part of your audit.

More information

For more information about auditing an SMSF:

• refer to Approved auditors and self-managed super funds - Role and responsibilities of approved auditors (NAT 11375)
• phone us on 13 10 20 between 8am and 6pm on weekdays.