Applying for SMSF auditor registration - SMSF auditors - educational qualifications

When you apply for registration as an approved SMSF auditor, we will ask you you to provide information demonstrating you have the educational qualifications required. These qualifications must satisfy the requirements as set out in the relevant regulations and described in Regulatory Guide 243 Registration of self-managed superannuation fund auditors (RG 243).

The prescribed qualifications are a degree, diploma or certificate from a prescribed university or institution that represents a course of study in accounting of not less than 3 years, and either:

  • that degree, diploma or certificate must include a course of study in auditing; or
  • if the degree, diploma or certificate does not include a course of study in auditing, you must have satisfactorily completed:
  • the SMSF specialist auditor program conducted by the Self Managed Super Fund Association (formerly the SMSF Professionals’ Association of Australia); or
  • prescribed course in auditing.

If you do not hold the prescribed qualifications, you will need to submit information to demonstrate that your qualification or combination of qualifications (obtained in Australia or overseas) is equivalent to the prescribed qualifications.

Evidence you must provide

You must provide evidence of your educational qualifications, including a copy of your academic transcript or record, to support your application.

If you don’t, we may not accept your application for lodgement and you would need to re-apply, or the assessment of your application might be delayed because we will need to contact you to request this information.

See the checklist of supporting documents you must provide with your application and how to submit them.

Over time, there have been changes to the legislative requirements for registration as a company auditor. In recent years, there has been a greater emphasis placed on providing evidence of educational qualifications.

As a result, many registered company auditors have not in the past provided the required level of evidence needed to prove they meet the educational requirements for registration as an SMSF auditor, particularly if they were registered before 2005.

If you are a registered company auditor and want to apply for registration as an SMSF auditor, regardless of when you were registered as a company auditor you will still need to provide evidence that you meet the educational requirements.

Registered company auditors

 

If you are unable to provide the required evidence or do not hold any of the prescribed academic qualifications, you will need to provide a detailed submission, accompanied by supporting documentation, to prove you meet the educational requirements.

We will review the information you provide and assess whether it proves you have the relevant tertiary qualifications or equivalent.

Required evidence not available

We are always looking to improve our information for SMSF auditors so we would like to know what's important to you. Please leave us some feedback.

What's new

ASIC Connect - Start, resume or check the progress of an application

Regulatory Guide 243: Registration of self-managed superannuation fund auditors (RG 243)

Application for registration as an approved SMSF auditor checklist

Company auditors

 

Last updated: 23/03/2016 03:05