ASIC surveillance shows financial reporting and audit quality continues to fall short

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ASIC has called for improvements in financial reporting and audit quality after its latest surveillance found preparers of financial reports and auditors are still not getting the fundamentals right. ASIC

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30 Oct 2026

ASIC review highlights need for stronger scrutiny of super fund valuations

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ASIC’s second review into the financial reporting and audit of superannuation funds has found further improvement is needed in how some super funds and auditors assess and scrutinise the value

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15 Oct 2026

ASIC Annual Forum 2026 explores how Australia can stay ahead of the next wave of global change

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ASIC has released the program for its Annual Forum 2026, which will bring together leaders from business, financial services, markets, government, and the community in Sydney on 17 and 18

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13 Oct 2026

ASIC sets financial reporting, audit and sustainability focus areas for FY 2026–27

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ASIC has outlined key focus areas for its financial reporting, audit and sustainability reporting activities in the 2026-27 financial year, including updates to its surveillance programs. ‘Our surveillance programs reinforce

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19 May 2026

ASIC renews guidance on managing conflicts of interest in financial services

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ASIC has updated its regulatory guidance on managing conflicts of interest for Australian financial services businesses. The changes align our guidance with developments in law and policy and draw on

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17 Dec 2025

ASIC highlights financial reporting and audit findings for FY 2024–25 as part of expanded program of work

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ASIC has released findings from its financial reporting and audit surveillances for the 12 months to 30 June 2025. Report 819 ASIC’s oversight of financial reporting and audit 2024–25 (REP 819) outlines:

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03 Nov 2025

ASIC finds many auditors failing to demonstrate compliance with auditor independence obligations

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Multiple auditors from audit firms of all sizes were unable to effectively demonstrate compliance with independence and conflict of interest obligations, a new ASIC review has revealed. The findings, outlined

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09 Oct 2025

Review finds greater uplift needed in quality of super fund financial reports and audits

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ASIC’s first report into the financial reporting and audit of super funds has revealed inconsistent approaches to disclosing investments, limited disclosure of sponsorship and advertising expenses, and insufficient audit evidence

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01 Oct 2025

ASIC urges ongoing customer focus following welcome improvements in hardship support

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Lenders must continue to focus on improving hardship support for customers in financial distress. Despite significant improvements following last year’s landmark review, ASIC has ongoing concerns about hardship practices. ASIC

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26 Sep 2025

ASIC seeks feedback on proposed updates to conflicts management guidance

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ASIC has released proposed updates to its conflicts management guidance for financial services businesses. Regulatory Guide 181 Licensing: Managing conflicts of interest (RG 181) was last updated in August 2004. The proposed

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31 Jul 2025