Topic: Audit

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

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Are audit committees responding effectively to new challenges?

1 April 2021 | Tony Rasman

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

29 January 2020 | David Walker

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.

Audit

ASIC releases Corporate Governance Taskforce report on non-financial risk

30 October 2019 | Louise Petschler MAICD

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

29 October 2019

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

1 October 2019

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

Audit

Internal audit in the spotlight

28 August 2019 | Tony Rasman

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

1 June 2019

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

Audit Committees – Improvements needed

13 March 2019 | Kerry Hicks

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...

24 July 2018

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.

Audit

Bringing to life the value creation process in corporate reporting

22 February 2018 | Kerry Hicks

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

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