ASIC’s 2025 Crackdown on Audit Quality and Independence Issues
ASIC (Australian Securities and Investments Commission) is stepping up its game in 2025 with a targeted crackdown on audit quality in Australia and independence issues across firms. This new surveillance review, announced by ASIC Commissioner Kate O’Rourke, zeroes in on auditors’ compliance with independence and conflict of interest rules as outlined in the Corporations Act […]
Ready for New Australian Sustainability Reporting Standards (ASRS)?
Ready for New Australian Sustainability Reporting Standards (ASRS)? Mandatory reporting of climate-related activities for Australian companies will kick off from next year. The Australian Sustainability Reporting Standards (ASRS) legislation was passed by the Senate in August 2024, with mandatory reporting to start from January 1, 2025. The Standards will affect large and medium-sized organisations, although […]