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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.

Download CP 209 (PDF 483 KB) | Read the 2013 media release | Download RG 26 | Download the report on submissions | Read the 2015 media release

Submissions

  1. Governance Institute of Australia (PDF 160 KB)
  2. Ernst and Young (PDF 144)
  3. KPMG (PDF 187 KB)
  4. CPA Australia and Institute of Chartered Accountants Australia (PDF 414 KB)
  5. Deloitte (PDF 1.24MB)
Last updated: 30/05/2013 12:00