Regulatory Alerts2025-09-05
ASIC accepts cancellation of company auditor registration for independence failures
ASIC has accepted the cancellation of Mr Allan William Donald’s registration as a company auditor due to breaches of independence requirements under the Corporations Act 2001 and APES 110. The regulator identified that Mr Donald engaged in prohibited activities, including serving as company secretary while auditing, providing non-assurance services, and maintaining long associations without adequate safeguards. This action results from ASIC's proactive surveillance on auditor independence, with Commissioner Kate O’Rourke emphasizing the commitment to improving auditing integrity in Australia.
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