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Auditing

ASIC simplifies auditor rego process

The corporate regulator today released revised website content that simplifies and improves the registration process for prospective SMSF auditors.

The changes will make it easier for applicants to provide all required information with their application.

Further, it will reduce red tape and save time for applicants as ASIC will generally not need to seek further details about their experience.

Template documents have been added to the website to enable applicants to provide the required level of detail about their experience.

These documents comprise the statement from the applicant, audit hours logbook and the statement from their supervisor.

“ASIC is continually reviewing how we can improve the services we provide the community,” ASIC commissioner Greg Tanzer said.

“If we can reduce the time required for what should be straightforward auditor registrations, this allows us to assess an application faster with the benefit of all information being available from the outset.”

Applicants are encouraged to use the application checklist provided via the website to ensure they submit a complete application.

Incomplete applications will be returned and applicants will need to reapply.

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