ASIC disqualifies SMSF auditor for breaching ‘independence’ requirements

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SIC has announced the removal of Kathleen Whittle from her position as an approved self-managed superannuation fund (SMSF) auditor after violating fundamental independence requirements.

According to ASIC, Ms Whittle has violated the auditor independence requirements of APES 110 Code of Ethics for Professional Accountants with regard to the auditing of her family members’ funds.

ASIC commissioner John Price commented on the issue, saying that it is important for SMSF auditors to adhere to professional and ethical standards in order to continue promoting confidence in the SMSF industry.

“ASIC will continue to take action where the conduct of SMSF auditors is inadequate,” he added.