All SMSF auditors were referred to ASIC by the ATO.

Between 1 July 2024 and 31 December 2024, ASIC:

• disqualified four SMSF auditors;

• imposed additional conditions on two SMSF auditors; and

• cancelled the registration of 11 SMSF auditors.

Joseph Badawy, Gareth Evans, Vjekoslav Fak, and Ryan McGrath were disqualified from being SMSF auditors. Joseph Badawy and Vjekoslav Fak requested ASIC reconsider its disqualification decision and the disqualifications in each case were confirmed.

Brent Connor and Sam Danieli had additional conditions imposed on their SMSF auditor registrations. A full list of the conditions imposed can be accessed by searching the SMSF auditor’s name in ASIC's Professional Registers Search.

The SMSF auditor registrations of Evan Bekiaris, David Bromet, Judy Chu, Denis Ford, Bruce Mackley, Michael Mazza, Geoffrey Page, Anthony Richards, Michel Schoers, Wayne Tilley, and Grace Wong were cancelled by ASIC in connection with the ATO project identifying auditors with insufficient practical experience.

ASIC is empowered to cancel the registration of SMSF auditors that do not perform any significant audit work during a continuous period of five years.

It said in a statement that SMSF auditors are responsible for providing assurance on assets worth $1 trillion held in over 638,000 SMSFs and are trusted gatekeepers that contribute to the integrity and confidence in the SMSF regime.

“ASIC will continue to take action where SMSF auditor conduct is deficient,” it stated.