ASIC disqualifies Queensland SMSF auditor
The Australian Securities and Investments Commission (ASIC) has disqualified Queensland self-managed superannuation auditor (SMSF), Kate Campbell.
An ASIC investigation found that Campbell had breached the auditor independence requirements of the Code of Ethics for Professional Accountants in auditing the funds of close family members and other relatives.
Campbell also failed to comply with the continuing professional development requirements of the Superannuation Industry (Supervision) Act.
ASIC commissioner, John Price, said the corporate regulator continued to take action where the conduct of SMSF auditors was inadequate.
AUTHOR
Anastasia Santoreneos
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