Big four in ASIC sights over audits

Original article by Michael Roddan
The Australian – Page: 1 & 2 : 10-Sep-19

Confidential audit inspection reports obtained under freedom of information laws reveal the Australian Securities & Investments Commission’s concern about the quality of audits being undertaken by the major accounting firms. ASIC has been trying to restore investor faith in the quality of financial reports over the past year, due to concerns that a decline in the quality of auditing could contribute to damaging company collapses. The release of the reports comes as the major accounting firms face parliamentary scrutiny over a range of issues, including poor quality audits and conflicts of interest

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION MYER HOLDINGS LIMITED – ASX MYR SEVEN WEST MEDIA LIMITED – ASX SWM ORICA LIMITED – ASX ORI GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA PRICEWATERHOUSECOOPERS ERNST AND YOUNG KPMG AUSTRALIA PTY LTD DELOITTE TOUCHE TOHMATSU LIMITED

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s