Regulatory Alerts2025-10-31
ASIC highlights financial reporting and audit findings for FY 2024–25
The Australian Securities and Investments Commission released Report 819 detailing its 2024–25 surveillance of financial reporting and audit practices. The regulator identified significant deficiencies in 18 entities, enforced actions against three auditors for non-compliance, and required 32 grandfathered companies to lodge overdue reports. Moving forward, ASIC will expand its review scope to include sustainability reports and increase the volume of audit file examinations to enhance market integrity.
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