See Within explores Deloitte’s distinctive commitment to audit quality. It provides an overview of the leadership and governance, quality control systems, culture and people that underpin a Deloitte audit.
As auditors, we recognise we play an essential role in ensuring that financial information is fair and transparent so investors can have confidence in financial reporting in the market.
The Corporations Legislation Amendment (Audit Enhancement) Act 2012 requires audit firms to produce transparency reports for financial years starting on or after 1 July 2012. Although Deloitte is not required to produce a transparency report in 2012, we have chosen to do so in support of this audit quality initiative.
With our transparency report we are seeking to narrow the audit expectation gap, by making it very clear exactly how we conduct an audit and what the financial markets, regulators and our clients should expect from a Deloitte audit.
Our transparency report is a reflection of our commitment to audit quality. It includes a detailed overview of our Assurance Practice, including information on our leadership and governance, quality control systems, culture and people, as well as key financial data and a list of the companies and organisations we audit.