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Governance Leadership Centre
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.
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.
Advocacy and policy
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.
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 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.
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.
Board and management