From 1 July 2013 SMSF auditors have to be registered with ASIC.
The 2012 tax return includes a space for the auditor number. The number can only be added here from 1 July 2013. A new ASIC registration process started on 31 January 2013. These auditing rules are set out in detail on the ASIC website. Click here to view.
ASIC has released guidance to assist auditors to understand the SMSF Auditor competency standards. This is set out on the ASIC website under the document RG243, which explains the auditor requirements.
Note that Superannuation Warehouse’s auditors all comply with the new regulations.