Reported 16 days ago
CPA Australia CEO Chris Freeland has addressed recent findings from the Australian Securities and Investments Commission (ASIC) report on auditor compliance with independence and conflict of interest rules. The 2023-24 report reveals that out of 2,900 auditors reviewed, 15 may have breached these obligations, particularly concerning auditor rotation rules. Freeland emphasizes the need for updated guidance in this area and advocates for enhanced educational initiatives and collaboration with ASIC to improve practices and uphold independence in the audit sector.
Source: YAHOO