The quality of auditing is under intense scrutiny. ASIC’s latest audit inspections summarise observations and findings to 30 June last year. The commission’s report provides a chance for audit firms to benchmark their practices against ASIC findings and to set the audit-quality agendas. Auditors can learn a lot for 30 June reporting.
The report will also interest companies, audit committees, investors and other stakeholders. The session will cover:
- Key findings
- Audit file reviews
- Quality-control systems
- Improving and maintaining audit quality
- Involvement of others in audit quality
- Future focus, and
- Latest thoughts on professional scepticism
