2020 Transparency Report has been saved
2020 Transparency Report
We are committed to the consistent execution of high-quality audits and professional excellence.
Impact when it matters most
We recognise the critical role we play through the COVID-19 pandemic. A number of entities we audit are experiencing new or elevated risks and need to make additional disclosures.
We have been agile in our response, demonstrating our unwavering commitment to high-quality audits in even the most challenging of environments.
Focused on the future
The audit profession should continually seek to evolve and improve. We show this commitment to quality by investing in the right capabilities and making contributions to shape the future of the profession. We are supportive of enhanced transparency, audit quality, and trust in financial reporting and corporate governance in Australia.
Investing in quality
We bring our forward-looking approach into the core of the audit process. We’re transforming the audit experience and providing efficiency and insight for our clients through the use of technology and new ways of working.
We see our Transparency Report as an opportunity to share our passion for professional excellence – we understand the important role we play in the capital markets and are deeply committed, through our significant ongoing investments, to continuous improvement in executing quality audits.
We also support the recommendations of the Parliamentary Inquiry into the Regulation of Auditing in Australia tabled by the Parliamentary Joint Committee on Corporations and Financial Services on 11 November 2020 and believe when implemented in full, will enhance quality and confidence in the financial reporting ecosystem.
2020 Transparency Report
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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 12-month period ended 30 June 2020 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.
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.
Explore previous reports
At Deloitte, we are focused on making an impact that matters to our clients and communities 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 committed to the consistent execution of high-quality audits, professional excellence and serving our clients, investors and capital markets.
We are continually seeking to transform the way we deliver audits to enhance audit quality and provide meaningful insights to clients.
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.
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: December 2020