INFO 224
ASIC financial reporting and audit surveillances
This is Information Sheet 224 (INFO 224). It outlines ASIC’s approach to financial reporting and audit surveillances (collectively called ‘surveillances’).
In plain English
INFO 224 explains ASIC’s approach to financial reporting and audit surveillances.
INFO 224 outlines ASIC's surveillance activities. It covers financial reporting and audits. This information sheet details how ASIC selects companies for review. It does not specify who must apply it. The guidance is for companies required to prepare financial reports and have them audited.
Why it matters
Understanding ASIC's surveillance approach helps businesses prepare accurate financial reports. It also assists in ensuring audit quality. This can reduce the risk of regulatory action.
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/asic-financial-reporting-and-audit-surveillances/. Rules Mate indexes + summarises; always verify against the regulator's live publication.