The Australian Prudential Regulation Authority (APRA) has released a response to consultation on its proposed amendments to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
The letter published today follows the consultation opened on 10 December 2021 on APRA’s amendments to SPS 310 to reflect changes to the superannuation reporting framework and set out the matters that would be subject to external audit.
APRA has considered the feedback received from industry regarding timing and it has decided to delay the commencement of the proposed amendments to the financial year ending 30 June 2023. APRA will provide a further update on any refinements when it finalises SPS 310 later in 2022.
The letter to registrable superannuation entity (RSE) licensees and RSE auditors is available on the APRA website at: Amendments to Prudential Standard SPS 310 Audit and Related Matters.
