Steve Georganas (Adelaide, Australian Labor Party) Share this | Link to this | Hansard source

On behalf of the Parliamentary Joint Committee on Corporations and Financial Services, I present the committee's report entitled Regulation of auditing in Australia: Interim report—Report, February 2020.

Report made a parliamentary paper in accordance with standing order 39(e).

by leave—I've just tabled the report, as the deputy chair of the Parliamentary Joint Committee on Corporations and Financial Services, and the recommendations that come with it. This interim report comprehensively sets out the committee's findings collectively resulting from more than 110 submissions; 32 witnesses, including accounting firms, regulators and academics, at four public hearings; and more than 100 answers to questions previously taken on notice. It is an interim report because we are still awaiting answers from some of the witnesses that appeared before the inquiry, one of them being Westpac. We hope that we will get some of those answers. We also want to be able to see the next tier of auditors and banking services appear before the committee. Therefore, we decided collectively to table this interim report. The report has some comprehensive recommendations—a whole range of them; approximately nine. I commend the report to the House.