Home > Reports > FRC Report on Auditor Independence 2006-07 - Index

Financial Reporting Council

Report on Auditor Independence

2006-07

Preliminaries

Abbreviations

Contact officer

Executive Summary

Introduction

Auditor independence in Australia

1. Systems and processes of Australian auditors

2. Quality review programmes and disciplinary procedures of the professional accounting bodies

3. Teaching of ethics by the professional accounting bodies

4. Compliance with audit-related disclosure requirements

5. Other independence-related issues

International developments in auditor independence

Appendices

Appendix A - FRC’s auditor independence functions

Appendix B - FRC’s performance of its auditor independence functions

Appendix C - Audit-related disclosure requirements of the Corporations Act and accounting standards

Appendix D - Consultancy to review recommendations about quality review programmes and disciplinary procedures of the professional accounting bodies

Appendix E - Consultancy to evaluate how professional and business ethics are applied in practice by accounting firms

Appendix F - Matters arising from 2005-06 independence report

Appendix G - Auditor independence functions: 2007-08 work programme