Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 72 results for "SMSF auditors"

ASIC ramps up action against SMSF auditors

VINNY VUCAGO  |  MONDAY, 27 JUL 2026
... professional standards across the sector. The corporate regulator said it took administrative action against 36 approved SMSF auditors between January and June 2026, bring the total number of enforcement actions for FY26 to 64. The actions targeted a ...

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO  |  MONDAY, 13 JUL 2026
... industry funding levies, while certain regulatory functions, including maintain ASIC's public registers and regulating SMSF auditors, continue to be excluded from the cost recovery model.

SMSFA backs review of ATO's regulatory approach

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
... not caught in unnecessary delays," Burgess said. The association also called for the audit to consider the role of SMSF auditors and the need for clearer more practical regulatory guidance where tax and superannuation obligations overlap. "The objective ...

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
... annual statements. Some also failed to advise ASIC of changes to their contact details on the public register of SMSF auditors, did not respond to regulatory compliance requests or did not carry out enough audit work to meet the practical experience ...

ASIC takes SMSF auditor to court for continuing work despite ban

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
... is two years imprisonment. Convery was disqualified by ASIC in the first half of last year along with six other SMSF auditors for a range of concerns including breaches of auditing and assurance standards, breach of independence requirements, continuing ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... and was achieved efficiently. The Melbourne-based law firm launched the class action in October 2023 against the SMSF auditors who allegedly failed to pick up that the assets Caddick invested never existed when reviewing the annual financial report. ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... and will remain disqualified. Additionally, the ART also reiterated "clear messages" need to be given to approved SMSF auditors, so that they remain compliant to the regulations, while adding that SMSFs can also be penalised. "The public needs to be ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... and liquidators of Maliver and Ms Caddick," he said. In December 2023, Chapman told Financial Standard that the SMSF auditors failed in their duties, and if they had not failed his clients wouldn't have suffered any loss. "Our role - acting only on behalf ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... for not being a fit and proper person to remain an approved SMSF auditor. This action was in addition to the 15 SMSF auditors, engaged in 'in-house audits,' that ASIC announced it acted against in March 2024. "SMSF auditors are key gatekeepers responsible ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... auditors have been reprimanded for performing in-house audits. The Australian Taxation Office (ATO) referred 15 SMSF auditors to ASIC following a review of files from audit firms. ASIC said it had concerns that the financial statements for SMSF clients ...
PAGE:
1
PREVIOUS
NEXT