We work closely with ASIC to support and regulate approved self-managed super fund (SMSF) auditors.
Our compliance approach is designed to support SMSF auditors and identify and deal with high-risk SMSF auditors. It incorporates four key elements:
- Web guidance and news articles to help SMSF auditors understand and comply with their professional and reporting obligations and the super laws, including the independence requirements in the APES 110 Code of Ethics for Professional Accountants (including Independence standards) (2018) – effective 1 January 2020External Link.
- Specialist support products such as Online services for business and the SMSF Auditors' Professional to Professional service.
- Targeted information and advice for SMSF auditors through mailouts, where our data indicates areas of concern.
- Audits and reviews of SMSF auditors where our data or intelligence indicates there may be some concerns with their compliance and behaviour.
See also:Our compliance approach is designed to support approved SMSF auditors and identify and deal with high-risk auditors.