Outcomes from ASIC’s latest financial reporting and audit surveillance ASIC has released a report summarising the outcomes from its financial reporting and audit surveillances conducted for the period 1 July 2023 to 30 June 2024. The report is the second report using ASIC’s new integrated surveillance methodology.HighlightsFindings from financial reporting surveillances were largely consistent with prior periods and ASIC’s enduring focus areas, with a strong focus on the disclosure of material business risks in the operating and financial review (OFR)ASIC has monitored voluntary sustainability and climate change reporting of listed entities but did not identify any concerns around misleading or deceptive disclosuresThe largest area of audit findings related to the audit of revenue and receivablesASIC is to commence proactive surveillance focused on compliance with auditor independence and conflicts of interest requirements (and has written to auditors and CEOs of large audit firms on this matter).