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.

This section contains the following key content:

• Lodgement of financial reporting - Applicable legislation, professional standards and regulatory guides.
• Relief from corporate finance provisions including for wholly-owned entities - Overview of relief and conditions for relief to be granted.
• FAQs about financial reporting - Common questions asked by preparers of financial reports.
• Digital financial reports - Simplified business-to-government reporting.

More information

• Financial reporting and audit
• Directors and financial reporting - Explains the financial reporting responsibilities of a director
• Financial reporting surveillance program - Overview of ASIC's surveillance program
• ASIC Newsroom - Latest financial reporting releases