SCC AA minutes, April 2011

3. 2011 Auditor contravention report

Pedro Cafe, ATO joined the meeting to discuss potential changes to the 2011 ACR form and instructions.

Proposed changes were discussed and feedback obtained from members. The ATO advised that there would be further consultation with members out of session.

Susan Orchard, ICAA requested that the ATO include in instructions an example case study where the auditor has formed a view about a fund, but not finished the audit due to being removed by the fund as the auditor. Susan also raised that there is currently no requirement for a fund to notify an auditor that they no longer required the services of the auditor. While recognising some of these issues related to broader professional obligations, the ATO agreed to look at the issues and advised that some issues may fall into scope of the Stronger Super measures.

Action item	AAWG-040411-02
Description	ATO to consider issues raised in relation to auditors who have commenced an audit but been removed by the fund prior to completion.
Responsibility	ATO
Due date	Update to next AAWG meeting

Sections within Agenda items

• 1. Open and introductions
• 2. Professional to professional pilot
• 3. 2011 Auditor contravention report
• 4. 2011 SMSF independent audit report
• 5. Low volume auditors
• 6. Appointment of an auditor if no return is required
• 7. eSAT
• 8. Stronger Super
• 9. Other business