On 1 February 2014, ASIC issued the first SMSF auditor annual statements to affected auditors. All approved and suspended auditors are required to lodge an SMSF auditor annual statement as part of their registration.

ASIC says SMSF auditors will receive an email notice on their registration anniversary date to advise them that their annual statement is ready to be completed. They will then have 30 days to complete the statement and pay the annual statement fee.

To help SMSF auditors prepare for their first annual statement, ASIC said it is also sending an introductory email up to 6 weeks before the annual statement is issued.

Further information is on the ASIC SMSF auditor website.

[LTN 27, 11/2/14]