RG 115
Audit relief for proprietary companies
Issued 19 June 2020. This guide is for certain proprietary companies and their auditors.
In plain English
This guide explains how proprietary companies can apply for audit relief from ASIC.
RG 115 is for certain proprietary companies and their auditors. It details the requirements for applying for audit relief. Companies must meet specific criteria to be eligible. The guide was issued on 19 June 2020 and remains current.
Why it matters
If your proprietary company meets the criteria, this guide explains how to potentially avoid a full audit. This can reduce costs and administrative burden.
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/find-a-document/regulatory-guides/rg-115-audit-relief-for-proprietary-companies/. Rules Mate indexes + summarises; always verify against the regulator's live publication.