The corporate watchdog has disqualified John Evennett from being an approved self-managed superannuation fund (SMSF) auditor after he breached fundamental independence and audit requirements.
The Australian Securities and Investments Commission (ASIC) found the New South Wales auditor had breached:
ASIC commissioner John Price said: “SMSF auditors are fundamentally important in promoting confidence in the SMSF sector”.
“It is crucial that auditors adhere to ethical and professional standards. ASIC will continue to take action where the conduct of SMSF auditors is inadequate,” Price said.
Evennett was referred to ASIC by the Australian Taxation Office (ATO) under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act).
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The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
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