This report shares key information around our audit practice and its role – the things we’re proud of and steps we’re taking to ensure our Audit & Assurance (A&A) business is resilient now and well into the future.
 A message from our Audit & Assurance Managing Partner
FY25 has been a year of change, progress and opportunity for our Audit & Assurance practice.
In an environment defined by evolving stakeholder expectations, complex reporting requirements and rapid advances in technology, our people have continued to uphold the highest standards of quality and integrity that define Deloitte.
We are proud of the role we play in building trust and confidence in the financial reporting ecosystem, a responsibility that lies at the heart of our profession. This year, we once again delivered consistently strong quality outcomes, a reflection of the professionalism, commitment and technical excellence of our teams.
As we look to FY26, we do so with optimism and momentum.
The introduction of Australia’s new climate reporting standards marks one of the most significant developments in corporate reporting in a decade and our teams are ready to lead through this change, helping clients navigate new requirements with confidence.
At the same time, the accelerating impact of Artificial Intelligence (AI) is reshaping the way we work. Through our continued investment in Deloitte Omnia, Deloitte’s global cloud-based Audit & Assurance platform, we are enhancing quality and insight. New AI-driven capabilities, including intelligent agents and advanced data analytics, are empowering our people to focus on what matters most: delivering trusted, high-quality assurance.
We are also strengthening our foundation for the future through robust governance, continuous learning and a deep commitment to our culture of quality. With the implementation in 2026 of QC1000, A Firm’s System of Quality Control, the PCAOB’s equivalent of ASQM 1, on the horizon and ongoing investment in our people’s development, we are ensuring our teams remain equipped to respond to the changing expectations of regulators, investors and the public.
Together, these efforts reflect our unwavering commitment to quality, accountability and trust - values that will continue to guide us as we shape the future of audit and assurance.
As we move into FY26, I am confident that we are positioned for continued success: leading with purpose, embracing innovation and delivering impact that endures.