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Showing 1 - 10 of 69 results for "SMSF auditors"

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 ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... potential misconduct and taking action where we see inappropriate financial advice," she said. ASIC co-regulates SMSF auditors with the ATO. There are currently 4341 registered SMSF auditors. As a result of referrals from the ATO's compliance program ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... prosecuted by the Commonwealth Director of Public Prosecutions. Separately, the corporate watchdog acted against nine SMSF auditors in the last quarter of 2023. The actions included disqualification of five auditors - Stephen Bray, Kerpal Harnam, Terence ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... retirement goals." For the first time, the conference is offering more audit CPD hours. "We recognise the importance of SMSF auditors. This year, in particular, we ran an inaugural listenership day where we had a one-day virtual event just for auditors. ...
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