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Transparency Report 2019
Audit & Assurance
We are committed to the consistent execution of high-quality audits and professional excellence.
At Deloitte, we are focused on making an impact that matters to our clients and communities.
We do this by delivering independent high-quality audits, pursuing opportunities and addressing challenges to meet and exceed the expectations of our clients, investors, capital markets and regulators.
We are continuing to transform our Audit & Assurance business by adopting advanced technologies, fresh approaches and new, disruptive perspectives.
Transparency Report 2019
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We are also bringing innovation into the core of how we perform an audit. As a result, clients experience more efficiency and deeper insights.
As a member firm of the Deloitte global network, we harness the power of global investments in innovation and quality, and access to global/regional resources and local expertise.
We see our Transparency Report as an opportunity to share our passion for professional excellence – in maintaining investor confidence in the capital markets and bringing true value across the industry through high-quality audits.
Deloitte supports the ASIC inspection process and we are encouraged by ASIC’s move to a broader range of measures to determine quality. We set out here our ASIC inspection reports for both the 18 month period ended 30 June 2018 and the 12 month period ended 30 June 2019.
We recognise we must deliver consistently high-quality audits, and there is always more we can do to improve quality. It is important to note none of the Deloitte audited companies reviewed in ASIC’s inspection reports for either period required restatement.
We continue to engage with ASIC on measures to enhance audit quality and will play our part to in enhancing confidence further in financial reporting.
Our balanced scorecard
ASIC have published a range of quality measures in their Audit quality measures, indicators and other information 2018-19” report and we welcome this development.
We have compared ourselves against a variety of these key metrics.
The scorecard covers a range of metrics inspections, inspections with no findings, restatements, as well as key input measures like partner, manager and staff hours mix and training.
We are pleased that ASIC has moved in this direction and will work with the industry and ASIC to continue to evolve it.
Explore previous editions
We are committed to the consistent execution of high-quality audits, professional excellence and serving our clients, investors and capital markets.
Transparency report 2017
We are continually seeking to transform the way we deliver audits to enhance audit quality and provide meaningful insights to clients.
Transparency Report 2016
We’re focused on illuminating what high quality auditing looks like – raising the bar on client experience and service to make an impact that matters.
Transparency report 2015
Provides an overview of our Audit Quality Framework and the governance structures, people and quality control systems that underpin our commitment to delivering high quality audits.
Published: October 2019