How should recent regulatory developments and ASIC enforcement activities change the way you approach an AFSL audit?
ASIC scrutiny is extending beyond AFS licensees to the auditors who provide assurance over them.
Recent matters involving Shield and First Guardian have sharpened the focus on the responsibilities of AFSL auditors, the scope of their work and the evidence supporting their conclusions.
As firms prepare for their 2027 AFSL engagements, this GAAPinar will provide practical guidance on evaluating compliance, identifying audit risks and designing effective audit responses.
We will explore:
- What recent failures and regulatory action reveal about emerging audit risks
- Licence conditions and compliance obligations
- Risk management frameworks, governance and oversight
- Reportable situations and breach reporting
- Outsourcing and third-party arrangements
- Areas where auditors may need to increase challenge, evidence and documentation
