Access resources, guidance, and the latest news and research on financial report audit.
From 1 January 2019 audit engagement partners and engagement quality control reviewers rotation requirements are changing.
Auditor’s reports in Australia 2005-2015: An updated analysis (PDF)
CPA Australia, June 2017
Examines the frequency of the various types of auditor’s reports for publicly listed companies in Australia during 2014-2015, with a focus on reports with emphasis of matter paragraphs on material uncertainty in regard to the going concern assumption. The research findings highlight high levels going concern emphasis of matter paragraphs which have increased progressively since the global financial crisis, reaching 34 per cent in 2015.
s.322 of the Corporations Act requires auditors of listed entities, ADIs and certain other entities to publish a transparency report on their website, which is required to include a description of the auditor’s internal quality control system, but does not mandate reporting against AQIs.
Climate risk disclosure
Climate change and professional liability risk for auditors
CPA Australia, 2018
Four short papers examine the various standards and rules applicable to UK auditors’ duties relating to annual financial accounts, focusing where those corporate disclosures might reasonably be expected to contain climate risk-related information, and how these might translate to Australian circumstances.
Regulator audit inspection findings
Australia: Australian Securities and Investments Commission (ASIC)
New Zealand: Financial Markets Authority (FMA)
International: International Forum of Independent Audit Regulators (IFIAR)
Auditor professional scepticism: Impact of trust and distrust
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