CP 209 Resignation removal and replacement of auditors: Update to RG 26
Released 30 May 2013. Comments closed 30 August 2013.
This consultation paper sets out ASIC’s proposals for updating our guidance in Regulatory Guide 26 Resignation of auditors (RG 26) on the resignation, removal or replacement of:
- auditors of public companies (s327 of the Corporation Act 2001 (Corporations Act));
- auditors of registered managed investment schemes and compliance plans (s331AC and 601HH of the Corporations Act, respectively);
- auditors of Australian financial services (AFS) licensees (s990F and 990G of the Corporations Act); and
- auditors of credit licensee trust accounts (see regs 19(4)(d) and19(4)(e) of the National Consumer Credit Protection Regulations 2010 (National Credit Regulations)).
This paper attaches a draft updated version of RG 26 (draft updated RG 26), renamed Resignation, removal and replacement of auditors, and seeks feedback on our proposed guidance.