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  • SMSF auditors and auditor independence after 1 July 2021

    For all audits completed after 1 July 2021, approved Self-managed super fund (SMSF) auditors and tax professionals must comply with the SMSF independence standards that impact in-house audits in APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (2018) (the Code), which became effective on 1 January 2020.

    To assist professionals to meet the standards, we hosted a webinar for SMSF auditors and tax professionals on Wednesday 28 July 2020.

    The webinar covered:

    • scenarios where the auditor is prohibited from auditing a SMSF
    • the independence standards that impact firms who provide both non-assurance and auditing services
    • evidence the ATO will expect to see to demonstrate compliance with the standards
    • issues to be aware of when restructuring to comply with the standards
    • how the ATO will monitor compliance with these standards during the 2021-22 financial year.

    You can watch the recording of the webinar, including the question and answer session, view the transcript and download a copy of the presentation slides at the link below.

    This may contribute to your continuing professional education.


    Media: SMSF auditors and auditor independence after 1 July 2021 Link (Duration: 53:12)

    See also:

      Last modified: 07 Sep 2021QC 66612