The ATO has revealed that while it is aware of rising concerns about more SMSF services being outsourced overseas, it has not yet run into any major issues.
To date the ATO has seen little evidence of outsourcing of audit or advisory activities though this is something the ATO is monitoring.
As the ATO notes, at the end of the day even if the SMSF auditor outsourced some of the activities in undertaking the audit overseas, whether that be to in-house employees or overseas systems or using external organisations overseas, ultimately the SMSF auditor is responsible for the SMSF audit.
The trustee remains responsible in relation to regulatory compliance and being able to provide the regulator all the documents for their fund.
More information at: SelfManagedSuper.