Regulatory Alerts2026-05-18
ASIC sets financial reporting, audit and sustainability focus areas for FY 2026–27
The Australian Securities and Investments Commission (ASIC) has outlined its key surveillance priorities for financial reporting, audit, and sustainability reporting for the 2026–27 financial year. The regulator will monitor high-judgement areas such as revenue recognition and asset impairment, review 25 audit files from listed and unlisted entities, and enforce compliance regarding non-lodgement of reports by large proprietary companies. Additionally, ASIC will focus on Group 1 entities' sustainability disclosures and engage with major audit firms on assurance methodologies ahead of potential government reforms.
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