Changes to auditor requirements

Article Abstract:

Australian Securities and Investments Commission (ASIC) approved a new auditing competency standard for an individual who is willing to become a Registered Company Auditor (RCA). The new standard is intended to ease some of the difficulties in becoming a RCA.

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Force of law

Article Abstract:

The implications of the new auditing standards that will become effective from July 1, 2006, are discussed. Salient provisions in these standards are also discussed.

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Power to the people

Article Abstract:

Australia is facing acute shortage of labor. Consequently, employees will be dictating terms in 2006.

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