Gilliland v ASIC – AAT reverses ASIC decision to disqualify SMSF auditor for breaches of the APES 110 ‘independence’ rule in auditing his family’s SMSF

On 5 August 2020, The AAT has ruled that an approved SMSF auditor should not have been disqualified by ASIC for breaching the auditor independence rules in relation to his family self-managed superannuation fund (SMSF).

See below for details.

[Tax Month – August 2020]