I am a Sole Trader SMSF Auditor and I have some funds that I have been auditing for 10 years. According to the new independence requirements an audit rotation is required I believe. In a large firm it is possible to give the audit to another partner and then after they have undertaken one audit year, you could resume auditing the fund with their feedback and recommendations to go forward with.

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The rules don't seem to cater for someone in my situation as a sole trader in terms of audit rotation. I believe I can have an independent review done for one audit year and then resume auditing the funds. I have run this by the audit clients and they are prepared to pay for such an independent review. However, I can't find anyone offering this service. I presume there are other auditors in my situation.

Please let me know of any of your experiences and any information that might help me out.

Thanks,

Pablo