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Professional requirements

A summary of the ongoing obligations an SMSF auditor must meet, including registration.

Last updated 12 July 2020

To conduct self-managed super fund (SMSF) audits, you must:

  • be registered with the Australian Securities and Investments CommissionExternal Link (ASIC) as an approved SMSF auditor
  • have a valid SMSF auditor number (SAN)
  • meet ongoing obligations as prescribed by the  
    • Superannuation Industry (Supervision) Act 1993 (SISA)
    • Superannuation Industry (Supervision) Regulations 1994 (SISR), and
  • comply with ongoing ASIC registration requirements including  
    • keeping your auditor details up to date
    • lodging your annual statement.

Under the SISA, you are required to comply with:

We work closely with ASIC to monitor the effectiveness of SMSF auditors. If we identify performance and compliance issues, including a failure to comply with your obligations under the SISA, we may refer the matters to ASIC for their consideration.

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