From www.smsfadviser.com: SMSF professionals, especially auditors, are vital in aiding ASIC to prevent illegal early access to superannuation funds, according to Leah Sciacca from ASIC.

The agency highlights the significance of reporting misconduct and maintaining auditor independence, particularly in cases where auditors also prepare financial statements.

Recent actions included suspending three auditors for breaching independence requirements, emphasizing the shared responsibility in ensuring compliance and integrity within the system.