Regulatory Alerts2026-01-29
ASIC cancels 22 SMSF auditor registrations and disqualifies 4 amid increased scrutiny on in-house audit breaches
ASIC cancelled the registrations of 22 SMSF auditors and disqualified 4 others in the first half of the 2025-26 financial year due to breaches of professional obligations and standards. The regulator is intensifying scrutiny on in-house audit independence breaches, specifically targeting auditors who audit SMSFs whose financial statements were prepared by their own firms. These enforcement actions were largely driven by referrals from the ATO regarding failures to maintain practical experience, lodge annual statements, or comply with independence requirements.
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