Topic: Audit

Have you been notified of an audit? Let us help you identify your responsibilities and preempt any problems


Internal audit in the spotlight

The Hayne Royal Commission and APRA’s Prudential Inquiry into the Commonwealth Bank of Australia (APRA Inquiry) switched the spotlight on internal audit, highlighting the important role the function ...

Auditing the Auditors

The quality of auditing in Australia is under scrutiny by ASIC and the industry faces growing pressures. So how do directors ensure their board gets the audit right? David Walker explores.

Audit Committees – Improvements needed

The operations of Board Audit Committees (BAC) have been criticised of late, most recently in the Hayne Report on the Royal Commission into Misconduct in the Banking, Superannuation and Financial Serv...

Submission to IOSCO on Consultation Report on Good Practices for Audit Committees in Supporting Audi...

On 24 July 2018 the AICD provided a submission to IOSCO on the Consultation Paper on Good Practices for Audit Committees in Supporting Audit Quality.

Bringing to life the value creation process in corporate reporting

The reporting process should be seen as an investment which can bring huge rewards, says Dr Carol Adams.

Consultation on international audit-related standard-setting boards

On 9 February 2018 the AICD responded to the Monitoring Group Consultation Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest.

Managing relationships with auditors

The audit function for an organisation is vital to give assurance as to the truth, fairness and compliance with the law and accounting standards of an organisation’s financial statements and as to the...

Role of the Audit Committee

An independent audit committee is a fundamental component of good corporate governance.

Book review - Audit committees: everything directors need to know

The recently released AASB, AICD and IIA joint publication on audit committees is the most comprehensive of its kind.

What directors need to know: FY17 financial reporting

While directors are not expected to be accounting experts, they play an important role in ensuring the accuracy and quality of annual financial reports. Aletta Boshoff, IFRS Advisory Specialist at BDO...
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