Regulatory Alerts2025-09-18 | RG-034RG 34 Auditor obligations: Reporting to ASIC
ASIC issued Regulatory Guide 34 to provide guidance for auditors on their statutory reporting obligations to the regulator. The guide details requirements to report contraventions, attempts to unduly influence or mislead, conflict of interest situations, and the auditor's own contraventions under the Corporations Act and National Credit Act. It further explains the procedures for lodging notifications, the application of qualified privilege, and the consequences of failing to meet these reporting duties.
Issued 18 September 2025
This guide is for auditors, including individual auditors, audit companies, members of audit firms and lead auditors.
It gives guidance on auditors’ obligations to report to ASIC:
contraventions and suspected contraventions under s311, 601HG, 990K and 1226H of the Corporations Act 2001 (Corporations Act) and s104 of the National Consumer Credit Protection Act 2009 (National Credit Act)
attempts to unduly influence, interfere, or mislead the auditor under s311, 601HG, 990K and 1226H of the Corporations Act and s104 of the National Credit Act
conflict of interest situations and circumstances involving relevant relationships as part of an auditor’s independence obligations under s324CA–CC and s324CE–CG of the Corporations Act, and
the auditor’s own contraventions and suspected contraventions under s311, 601HG and 1226H of the Corporations Act.
This guide also provides guidance about lodging auditor notifications under these reporting obligations, how qualified privilege operates, and what happens when auditors do not meet their reporting obligations.
Download RG 34 (PDF 517 KB)