ASIC cancels the registration of 117 SMSF auditors

ASIC has cancelled the registration of 117 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements. Notice of cancellation was sent to these auditors on 20 February 2018.

 

On 10 November 2017, ASIC sent a final warning to 404 approved SMSF auditors with outstanding annual statements. ASIC had alerted these auditors on a number of occasions that their registration would be cancelled if their outstanding statements were not lodged with fees paid. Of the auditors sent a final notice, 287 lodged their annual statements.

 

An unregistered auditor is not permitted to audit a SMSF. Conducting an audit of an SMSF when not permitted to do so may have further serious consequences for the fund and the auditor.

 

Approved SMSF auditors can confirm if they have lodged annual statements or update their contact details by accessing their ASIC Connect account.

 

SMSF trustees and members can check whether their auditor is registered, or whether a person has been disqualified, by searching ASIC's SMSF Auditor register.

 

1 May 2018.