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Showing 31 - 40 of 72 results for "SMSF auditors"

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... Superannuation Industry (Supervision) Act (SIS Act). "ASIC and the ATO work closely together as co-regulators of SMSF auditors," ASIC said. "The ATO monitors SMSF auditor conduct and may refer matters to ASIC for possible action such as disqualification ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... is currently underway, which ASIC said it was assisting with. In July 2019 Tran was one of three New South Wales SMSF auditors disqualified by ASIC, with the corporate regulator ruling she was "not a fit and proper person". Tran had already been deregistered ...

Planners heed SMSF risk warning

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... documentation. The Cam and Bear - otherwise known as 'the cheese case' - and Baumgartner cases saw the individual SMSF auditors "left to carry the can" when investments failed. "As the auditor, they had the professional obligation to ensure the ...

ASIC zeroes in on SMSF auditors

HARRISON WORLEY  |  WEDNESDAY, 6 NOV 2019
ASIC has taken action against three SMSF auditors for breaches and deficiencies in their auditing. The corporate regulator disqualified a pair of SMSF auditors and imposed conditions on another, after it found the auditors to be deficient across a range ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others. The decisions follow concerns about SMSF auditors failing to meet requirements, including auditor independence standards, auditing standards ...

More SMSF auditors disqualified

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... 1 July 2013, the SIS Act required all auditors of SMSFs to be registered with ASIC. This was to ensure that all SMSF auditors meet the base standards of competency and expertise. ASIC and the ATO work closely together as co-regulators of SMSF auditors. ...

ASIC keeps watch on SMSF auditors

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... regulator's watch in the five years ending June 30. ASIC said it has deregistered, suspended or imposed conditions on 101 SMSF auditors for audit quality and independence issues, or on fit and proper person criteria, since the registration of SMSF auditors ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
The corporate regulator cancelled the registrations of 117 SMSF auditors after they failed to lodge annual statements. The auditors stripped of their registrations will no longer be able to audit self-managed superannuation funds (SMSFs). "Conducting ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
... prepared relevant financial statements. He also did not comply with continuing professional development requirements. "SMSF auditors play a fundamental role in promoting confidence in the SMSF sector so it is crucial that they adhere to ethical standards ...

Convicted SMSF auditor disqualified

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... disqualification order was passed on 30 January and came into effect on 6 February. ASIC Commissioner John Price said: "SMSF auditors play a fundamental role in promoting confidence in the SMSF sector. ASIC will continue to take action where the conduct ...