For preparers of financial reports

Financial reporting for companies, registered schemes and disclosing entities in Australia is governed by the Corporations Act 2001 (Corporations Act).

Financial reports which have been prepared in accordance with the law help maintain and promote confidence and integrity in Australia’s capital markets.

ASIC runs a financial reporting surveillance program with the aim of improving the quality of financial reporting. We regularly review the annual and interim financial reports of selected listed companies and other significant public interest entities to monitor compliance with the Corporations Act and Australian Accounting Standards. We also review financial reports based on complaints, other intelligence and through our audit inspection program.

ASIC releases guidance for operating and financial reviews
We have released a regulatory guide to improve disclosure in annual reports of listed entities. 13-064MR. 27 March 2013
ASIC's areas of focus for 31 December 2012 financial reports

We have released the results of our reviews of financial reports for years ended 30 June 2012 and announced our areas of focus for 31 December 2012 financial reports. 12-292MR. 27 November

Proposed guidance for operating and financial reviews
We are proposing guidance to assist directors in ensuring that a key part of listed entity annual reports provides information and analysis useful to investors. 12-228MR. 17 September
Financial reporting compliance of insolvent public companies
We have released an information sheet discussing our review of external administrators’ and registered liquidators’ compliance with the obligation to prepare audited financial reports for public companies and certain large proprietary companies and lodge them with us. 12-225MR. 12 September

More What's new

Financial reporting requirements	Applicable legislation, professional standards and regulatory guides
Frequently asked questions about financial reporting	Common questions asked by preparers of financial reports
Relief from financial reporting requirements	Overview of relief and conditions for relief to be granted
ASIC's financial reporting surveillance program	Overview of the Surveillance program and recent results
Standard Business Reporting	Overview of Standard Business Reporting - simplifying business-to-government reporting

Financial reporting and audit overview

ASIC Website: Printed 06/20/2013

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