ASIC disqualifies SMSF auditor
The Australian Securities and Investments Commission (ASIC) has disqualified Western Australia-based Paul Tattersall from being an approved self-managed superannuation fund (SMSF) auditor for breaching independence requirements.
An ASIC investigation found Tattersall had breached the auditor independence requirements of APES 110 Code of Ethics for Professional Accountants in auditing his own fund and that of an immediate family member.
Tattersall also audited a fund where an immediate family member had prepared the financial statements.
ASIC commissioner, John Price, said SMSF auditors play a fundamental role in promoting confidence in the SMSF sector, so it is crucial that they adhere to ethical standards.
“ASIC will continue to take action where the conduct of SMSF auditors is inadequate,” he said.
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