This consultation is closed
Provide feedback on options to improve the regulation of accounting, auditing and consulting firms in Australia.
Your feedback will help inform the government’s consideration of future audit regulation.
Why this matters
High-quality audit services are vital to the proper functioning of the Australian economy.
They help build public trust, support investment and ensure financial markets operate effectively.
The proposed options support:
the drivers of audit quality
enforceable ethical standards
auditor independence
audit surveillance and stronger penalties
the resilience of regulatory frameworks
confidence and dynamism in Australia’s audit market.
Previous consultation
This options paper builds on the government’s earlier consultation, Response to PwC – regulation of accounting, auditing and consulting firms in Australia.
The consultation ran from 3 May 2024 to 28 June 2024.
Non-confidential submissions from that consultation are available on the Treasury consultation hub.
