Australian Securities and Investments Commission
ASIC Recently Published Report 816, Titled "accounting For Your Super: Asic’s Review Into The Financial Reporting And Audit Of Super Funds". I Seek Access To The Following: The Comment Forms Sent To…
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ASIC Recently Published Report 816, Titled "accounting For Your Super: Asic’s Review Into The Financial Reporting And Audit Of Super Funds". I Seek Access To The Following: The Comment Forms Sent To Four Out Of The Five Audit Firms (bdo, Deloitte, Ernst & Young, KPMG And Pricewaterhousecoopers) Setting Out Asic's Findings And The Basis For Asic's Concerns, Which Were Referred To On Page 12 Of Report 816; The Audit Firms' Responses To The Comment Forms And Their Proposed Remedial Actions, Which Were Referred To On Page 12 Of Report 816; The Communications From ASIC To Superannuation Trustees Providing Asic's Findings And The Auditors’ Responses And Proposed Remedial Actions, Which Were Referred To On Page 12 Of Report 816 Any Communications From The Superannuation Trustees To ASIC In Response To Being Provided With That Material.
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ASIC released a letter dated 9 July 2025 to superannuation fund trustees communicating audit surveillance findings for the 30 June 2024 financial year. The letter notifies directors that ASIC has completed audit surveillance of their fund's auditor and will disclose a comment form containing ASIC's findings and the auditor's responses regarding audit quality concerns. The disclosure was made under section 127(2D) of the ASIC Act following ASIC's notification to the auditor of its intention to disclose findings and invitation for submissions. The letter references ASIC's Regulatory Guide 260 on communicating audit findings and Information Sheet 196 on audit quality roles. The findings relate to areas where ASIC identified concerns during its review. ASIC indicated the audit surveillance outcomes would be reflected in a public report in the first quarter of FY2026.
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