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2025 Transparency Report

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.

Deloitte’s commitment to quality is central to everything we do.

We consistently deliver on this commitment by instilling a culture of quality, integrity and excellence across the A&A business, establishing business and financial priorities, and developing effective processes, tools and technologies applied in the delivery of engagements. Deloitte’s brand is defined by high-quality A&A services and our unwavering commitment to continuous improvement of our system of quality management. Keeping pace with emerging economic, business and regulatory developments, as well as technological advances, is critical to enhancing Deloitte’s responsibility to act in the public interest and supporting the effective functioning of the corporate reporting ecosystem.

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At Deloitte Australia, we aim to manage complexity through agile innovation to make an impact that matters.

The corporate reporting environment is evolving at pace. External forces such as climate change, emerging technologies, regulatory shifts and heightened investor expectations are reshaping what stakeholders need and expect from businesses and auditors.

This environment is more complex, interconnected and fast-moving than ever before. Information once confined to financial performance now extends to areas like climate and sustainability. The rise of cyber issues, the use of AI and data privacy concerns adds additional complexity.

At Deloitte Australia, we are committed to meeting these rising investor expectations. Our A&A practice is evolving in step with the market, combining deep experience, leading-edge technology and multi-disciplinary teams to deliver high-quality audits and assurance across a widening scope of financial and non-financial information.

To manage complexity, we are innovating in an agile manner to ensure we stay ahead of the curve and help shape the future of the profession. We continually commit to raising quality standards and always acting with integrity, independence and transparency. Specifically, we are focusing on two key themes:

  1. Adapting to changing corporate reporting requirements
  2. Continuing to deliver audit quality in a complex and dynamic environment.

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Working in Audit at Deloitte

In FY25 we welcomed 125 experienced hires, 203 graduates and 70 vacationers in audit, and our workforce remained stable at 1465.

As the world’s largest professional services firm, we offer world renowned learning and development programs alongside dedicated mentoring and coaching. Our people have unparalleled opportunities to discover their purpose, unlock their potential and contribute to a brighter future for our clients and communities. We work continuously to enrich the experience of our people and foster their career growth.

We continue to invest in the technical and professional advancement of our auditors, both in the classroom and through the invaluable experience of coaching from experienced leaders when they are conducting their work.

At Deloitte Australia, we foster an environment that values continuous learning and development. We encourage our people to build on their strengths in their own way while developing their technical and leadership skills. Our global mobility initiatives provide opportunities to cultivate professional growth and exposure to diverse perspectives and ways of working. These experiences not only help broaden our people’s capability, leadership potential and cultural fluency, but also accelerate careers, knowledge exchange and best practice from around the world. This contributes to a connected network of audit professionals which directly enhance client value and service quality.

People also perform at their best when they feel respected, and we believe this involves prioritising wellbeing, professional development and inclusivity in equal measure. There has been significant focus on our profession and the sustainable nature of audit work. This continues to be a critical area of focus for us, and one where we engage our people to co-create what the future of work and the modern audit should look like. This year we have continued to invest in technology platforms and GenAI to reduce the amount of administrative work our practitioners do.

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We work hard to continuously maintain and strengthen Deloitte’s reputation for trust, integrity and professional competence.

We focus on setting the right tone from the top in our conduct and culture. FY25 saw us continue to prioritise the expectations of our clients, investors and other stakeholders including the regulators. This is supported by strong governance; rigorous and robust monitoring systems, controls and safeguards; and our culture of ‘doing the right thing even when no one is looking’.

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Our trusted brand is at the heart of our ability to support clients.

Deloitte Australia applies Deloitte Global Independence policies that address quality objectives and quality risks as they relate to the relevant ethical requirements for independence.

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