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Auditor sting results in yet another disqualification

ASIC has disqualified a NSW person from being an approved SMSF auditor following a string of similar disqualifications in the past month, after determining that she had failed fundamental independence requirements.

Auditor sting results in yet another disqualification
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  • jlian
  • September 05, 2017
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The corporate regulator found that Kathleen Whittle had audited the funds of her immediate and close family members, breaching the auditor independence requirement of APES 110 Code of Ethics for Professionals Accountants.

ASIC commissioner John Price said given the nature of the breaches, a disqualification was appropriate.

“SMSF auditors play a fundamental role in promoting confidence in the SMSF sector so it is crucial that they adhere to ethical and professional standards,” Mr Price said.

“ASIC will continue to take action where the conduct of SMSF auditors is inadequate.”

Information about Ms Whittle was referred to ASIC by the Australian Taxation Office (ATO) under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act).

Ms Whittle’s disqualification follows previous cases of independence breaches with the disqualification of John Evennett on 15 August and Ross Russo on 10 August.

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