MEDIA STATEMENT: Parliamentary Joint Committee on Corporations and Financial Services, Chair’s statement

13 Feb MEDIA STATEMENT: Parliamentary Joint Committee on Corporations and Financial Services, Chair’s statement

MEDIA STATEMENT

Senator James Paterson

Liberal Senator for Victoria

Parliamentary Joint Committee on Corporations and Financial Services

Chair’s statement

Wednesday 12 February 2020

Senate motion passed to extend auditing inquiry reporting date to September:

“The committee has worked hard to meet the original deadline set by the Senate and is ready to report. We have held four public hearings and heard from all major submitters including ASIC twice, APRA, the ATO, the ANAO, Treasury, the major accounting firms, two banks, standards bodies, academics and independent experts. Further hearings will not change the recommendations, and will just delay the government’s response. Those who rely on the transparent and effective operation of auditing in Australia shouldn’t have to wait any longer for action to improve confidence in the industry.”

ENDS