Topic: Audit

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Are audit committees responding effectively to new challenges?

The Hayne Royal Commission, the CBA Inquiry, and recently the Bergin report into Crown Casinos continue to spotlight governance failings. A lack of urgency in dealing with issues, poor reporting, and ...

Breaking the chains

The findings from a parliamentary joint committee could shake up the audit industry and lead to the dissolving of the stranglehold of the world’s big four accounting firms.

ASIC releases Corporate Governance Taskforce report on non-financial risk

AICD's head of Advocacy, Louise Petschler, details findings from ASIC's Corporate Governance Taskforce, from non-financial risk to psychologists in the boardroom.

Federal Parliamentary Inquiry into Regulation of Auditing in Australia

The Parliamentary Joint Committee on Corporations and Financial Services is holding an inquiry into the regulation of auditing in Australia. Public hearings will be held across November and December w...

Auditing standards under scrutiny in parliamentary inquiry

Concerns over possible conflicts of interest for financial auditors have resulting in an inquiry by parliament due 1 March 2020. David Walker writes.

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.
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