View the report as separate downloadable parts:
Members
Recommendations
Abbreviations
Chapter 1—Introduction
Duties of the committee
Terms of reference
Conduct of the inquiry
Scope of inquiry
Background
Concerns about audit quality
Committee comment
Structure of this report
Government and agency response
Chapter 2—Legislative and regulatory framework
Overview
Regulatory oversight
Auditors' duties
Auditor independence requirements
Chapter 3—Audit quality in Australia
Perceptions on audit quality in Australia
Suggestions for improvement
Professional scepticism
The role of management and directors
Committee view
Chapter 4—Threats to auditor independence
Provision of non-audit services to audited entities
Auditor familiarity with audited entities
Committee view
Chapter 5—Meeting user expectations
Expectations regarding fraud, misconduct and economic viability
Expanding the scope of audit
Digital Financial Reports
Committee view
Appendix 1—Submissions, answers to questions on notice, correspondence, additional hearing information and tabled documents
Appendix 2—Public hearings