Climate risk disclosures
Four short papers examine the various standards and rules applicable to UK auditors’ duties relating to annual financial accounts, focusing on where those corporate disclosures might reasonably be expected to contain climate risk-related information, and how these might translate to Australian circumstances.
Technology for Auditors
These resources are intended to help you understand the available technologies which are being used successfully by auditors to help you either start or further pursue your journey in embedding technological tools in the audit.
Regulator audit inspection findings
Australia: Australian Securities and Investments Commission (ASIC)
ASIC Audit inspection report: 1 July 2019 to 30 June 2020 (REP 677 December 2020)
ASIC explains the key audit inspection findings for 2019 and how they are responding
ASIC’s audit inspection report found an increase in negative findings and so is commencing new initiatives aimed at improving audit quality
Improving audit quality
How directors and audit committees, management and preparers, standard setters, regulators and accounting bodies can all impact audit quality
How to improve audit quality
In December 2020, ASIC reported on the results from its audit firm inspections for the 12 months to 30 June 2020
Auditor professional scepticism: Impact of trust and distrust
While professional scepticism has long been recognised as an important contributor to audit quality, the exercise of an appropriate level of professional scepticism continues to challenge the audit profession.
Audit quality indicators
Auditor reporting insights
The initial findings from a study on Audit Market Structure and Competition in Australia from 2019-2022, by Dr Sarowar Hossain and Professor Gary Monroe at the University of New South Wales, were presented at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) conference in July 2023. This study is part of a research program developed by the AFAANZ Audit Special Interest Group, Chartered Accountants Australia and New Zealand (CA ANZ) and CPA Australia. The study extends and updates Carson’s 2019 study, Audit Market Structure and Competition in Australia:2012–2018, using more recent data from 2019-2022 of Australian Stock Exchange (ASX) listed companies. It should, however, be noted that this study uses different metrics and data to the Carson 2019 study and therefore the preliminary findings are not directly comparable to Carson 2019 study. NOTE: CPA Australia has not verified the correctness of the information contained in these preliminary findings from the research team at UNSW.
FMA and External Reporting Board release joint review of key audit matters reporting
The purpose of this publication is to provide insights to help improve New Zealand auditor reporting
Analyses of auditor’s reports on Australian listed companies with 30 June 2019 and 2020 financial reporting year-ends
The following titles are available for members to borrow from the CPA Australia library. You’ll need an online account with us to access these resources.
Restructured code of ethics clarifies SMSF audit independence issues
Public practitioners with SMSF clients will need to review engagements where the firm conducts the accounting and audit
Auditing Standard ASQM 1: Far more than a checklist
Embed Adobe Marketo Forms
Audit and assurance
Tools, templates and resources for audit, review and assurance engagements
Advanced Audit and Assurance
This subject examines audit and assurance processes, methodologies and procedures
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