The Australian Securities and Investments Commission (ASIC) has disqualified a Victorian auditor from being an approved SMSF auditor for breaching independence requirements.

The Australian Securities and Investments Commission (ASIC) has disqualified a Victorian SMSF auditor who was convicted of criminal offences and is serving time in prison.

The Australian Securities and Investments Commission (ASIC) has disqualified a New South Wales SMSF auditor for breaching fundamental independence requirements.

SMSFs are expected to distort asset valuations for various reasons as a result of the 2016 budget super reforms, with auditors likely to face multiple risks when going through these funds.

The era of unprecedented rapid technological changes will require SMSF auditors to check that any new automated auditing software and systems meet regulatory compliance and auditing standards.

The SMSF trust deed can easily be overlooked by auditors and advisers due to its lengthy, legal and technical nature, but the new super reforms have reinforced its importance, an auditor has warned.

Automated audit platform Evolv White has entered into a new integration partnership with tech firm InfoTrack that will give users access to a new range of documents.

As described by the ATO, SMSF auditors play a critical role in helping to maintain the health and integrity of the SMSF sector, which is increasingly becoming an important part of the overall superannuation system.