INFO 196
Audit quality – The role of directors and audit committees
This is Information Sheet 196 (INFO 196). It is relevant to audit committee members and to directors, whether or not they are members of a company’s audit committee.
In plain English
INFO 196 explains the responsibilities of directors and audit committee members regarding audit quality.
INFO 196 applies to directors and audit committee members. It outlines their roles in overseeing audit quality. It covers responsibilities for ensuring audits are effective. ASIC published this guidance. The guidance does not specify a commencement or revision date.
Why it matters
Directors and audit committees need to understand their oversight duties. This helps ensure accurate financial reporting. It supports good governance practices for Australian businesses.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/financial-reporting-and-audit/auditors/audit-quality-the-role-of-directors-and-audit-committees/. Rules Mate indexes + summarises; always verify against the regulator's live publication.