Tuesday 7 April 2020


2:30 pm


1.5 CPD hours

Session Topic

Audit quality – learning the lessons from ASIC audit inspections

ASIC is adopting a broader, more intensive supervisory and enforcement approach to audits.  In December, the commission issued a report on the results from its audit-firm inspections to 30 June 2019 as well as a supplementary report on audit-quality measures, indicators and other information.  This session will:

  • Analyse ASIC’s key inspection findings and their effects on the audit practice and conduct of audits
  • Describe developments in audit quality, and
  • Outline what audit members need to do to improve audit quality.
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