Auditor Changes For SMSFs

From 1 July 2013 SMSF auditors have to be registered with ASIC.

The current 2012 tax return includes a space for the auditor number. The number can only be added here from 1 July 2013. The new ASIC registration process starts on 31 January 2013. The new 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 new 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.

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We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.

No Advice

Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.