The Auditing and Assurance Standards Board (AUASB) is an independent, statutory agency responsible for developing standards and guidance for auditors and providers of other assurance services.
The AASB makes accounting standards for the private, public and not-for-profit sectors and participates in the formulation of international accounting standards. It is subject to broad oversight by the Financial Reporting Council.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of banks, insurance companies and superannuation funds, credit unions, building societies and friendly societies.
The Australian Securities and Investments Commission (ASIC) is an independent government body that enforces and administers Corporations Law and consumer protection law for investments, life and general insurance, superannuation and banking (except lending) throughout Australia. Their purpose is to reduce fraud and unfair practices in financial markets and financial products so consumers use them confidently and companies and markets perform effectively.
Australia’s anti-money laundering and counter-terrorism financing regulator and financial intelligence unit. They oversee compliance by a range of financial services providers, the gambling industry, bullion dealers and remittance service providers. They also provide financial information to Australian law enforcement and revenue agencies.
The Financial Reporting Council (FRC) is a statutory body responsible for providing broad oversight of the process for setting accounting standards in Australia and giving the Minister reports and advice on that process.
The Financial Reporting Panel (FRP) resolves disputes between the Australian Securities and Investments Commission (ASIC) and companies concerning the application of accounting standards.
The Insolvency and Trustee Service Australia (ITSA) is the government agency responsible for the administration and regulation of the personal insolvency system in Australia.
Australian Securities and Investments Commission (ASIC) publication website for notices on insolvency and other matters. It provides a single point for searching almost all notices on external administration and company deregistration, formerly advertised in the print media.
Standard business reporting (SBR) is a multi-agency initiative that will simplify business-to-government reporting.