ato logo

SMSF auditors and auditor independence after 1 July 2021

SMSF auditors must comply with the independence standards in APES 110 Code of Ethics for Professional Accountants for audits completed after 1 July 2021.

Last updated 6 September 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: