Auditor tenure disclosure, new tendering regime recommended by inquiry

Individual firms’ audit results are set to be disclosed, while entities could be forced to undertake a public tender process for their auditors every 10 years, under recommendations put forward by a parliamentary inquiry.

by Shared by Accountants Daily | 2 Mar, 2020

The Parliamentary Joint Committee on Corporations and Financial Services has released its interim report on the regulation of auditing in Australia, detailing 10 recommendations it believes will go to the heart of concerns around audit quality and independence.