CS 5 Extending parent entity financial reporting and auditor independence legislative instruments
Released 17 November 2023. Comments close 8 December 2023.
ASIC proposes to extend the operation of two legislative instruments, ASIC Corporations (Auditor Independence) Instrument 2021/75 and ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195, which are due to expire ('sunset') in April 2024, for a further five years.
We have assessed that these instruments are operating effectively and efficiently, and continue to form a necessary and useful part of the legislative framework.
A consultation paper was not issued for this consultation.
Providing feedback
You are invited to provide feedback on our proposal, including whether the instruments are operating effectively and efficiently and/or whether any amendments are required. Comments should be sent by 8 December 2023 to rri.consultation@asic.gov.au.