Registration of auditors

Webinar

The Registered Organisations Commission has put together a helpful webinar to assist auditors to register and then understand their responsibilities within the new registration scheme.  The webinar includes information about:

  • how to register as a registered auditor
  • obligations of registered auditors
  • rotation of registered auditors
  • excluded auditors
  • tools available to assist auditors and
  • common misconceptions

The webinar is available to view at any time and allows you to ask questions and provide feedback on the process and other tools on our website.

external-icon.png Please take the time to view the webinar.

 

Why must auditors be registered?  

The Fair Work (Registered Organisations) Act 2009 requires that financial reports of organisations and their branches must be audited by a Registered Auditor.  

This page provides information on the registration, suspension and cancellation of Registered Auditors.  To view the register or for the obligations of registered auditors see our Register and obligations of registered auditors page.

To become a Registered Auditor you must complete the approved form below and be registered by the Registered Organisations Commissioner (the Commissioner).  An auditor must be registered before signing the audit statement, providing the report to members, presenting it to a meeting and lodging it with the Registered Organisations Commission (the ROC). There are no fees for registering as an auditor with the ROC.

For further information on the financial reporting process, please see our Financial reporting page.

Auditors Register Here:

If you are already a registered company auditor under the Corporations Act, please download and complete this form:

Download: Application for registration as a registered auditor by a registered company auditor (DOCX 151.4KB) (DOCX 67.3KB)

Please submit your form to regorgs@roc.gov.au

If you are NOT a registered company auditor under the Corporations Act, please download and complete the following forms:

Download:

Please submit your form to regorgs@roc.gov.au

If you need assistance, please read this Guidance Note (PDF 354.4KB) for help with completing the forms.

Frequently Asked Questions

The register can be found on the Register and obligations of registered auditors page. It is an excel spreadsheet that lists all of the currently registered auditors and their relevant details.

Only people who have been approved by the Commissioner are on the register. A person who has previously held, or was a member of a firm that held the position of auditor of a registered organisation or branch and was an approved auditor and who wish to continue to hold that position of auditor must apply to be registered.

An application is made on the appropriate form above.

No. From 2 May 2017 an auditor who wants to be on the register must apply and be granted registration by the Commissioner. Even if you are already a registered company auditor under the Corporations Act, you must still apply to the Commissioner for registration.

Yes, however the application process is relatively straightforward and will not be time consuming.

No, there is no fee to become a registered auditor.

All registered auditors are listed in the register. If your auditor does not appear in that list, they are not currently registered. From 2 May 2017, financial reports must be audited by a registered auditor. There is a transitional period of three months for auditors appointed by the organisation or branch prior to 2 May 2017. This transitional recognition ceases on 2 August 2017.

Please check the register. It contains contact details and addresses for current registered auditors.

The requirement began on 2 May 2017 and the five financial years do not include audits that were undertaken before this date. Only audits after 2 May 2017 will be counted towards the five consecutive financial years.

There is a form for individuals who are currently a registered company auditor and a form for those individuals who are not registered company auditors. The requirements for registration are different between the two types of applicant and the application forms require different information.

Forms are located above under Register Here.

If you are an approved auditor who was already appointed to be the auditor of a reporting unit on 2 May 2017, you have a transitional recognition that covers you until 2 August 2017. However if you are going to sign your audit after this date, you must be registered before you sign.

If you were not already appointed as auditor on 2 May 2017, you must be registered before you accept appointment as an auditor of a reporting unit.

Registration can take a period of time and the ROC will aim to form a view of your registration application within 40 working days. As you are not registered until the application has been approved (not merely lodged), you must take this time into account when deciding when to lodge your application.

Once a completed form has been lodged the ROC will try to form a view within 40 working days. This time can be shorter or longer depending upon demand, further third party checks, incomplete information or the complexity of the application.

If you notice you have left something off the form or made a mistake in the form please contact the ROC by email as soon as possible so we can make arrangements for you to amend your application. The relevant email address is regorgs@roc.gov.au

If we notice that information is missing, or we feel that there is insufficient information to make a decision we will contact you and give you an opportunity to provide further information.

Staff of the ROC will contact you to inform you of the outcome of your application. If your registration is successful, you will be provided with a certificate. Please keep this document in a safe place as it contains your registration number and some of your legal obligations.

If there are concerns with your application such that you may not be registered, you will be provided with an opportunity to respond and, if the registration is not granted, a decision explaining why.

No. The position of auditor of a registered organisation or branch can only be held by a registered auditor.

The only exception to this is if you were an approved auditor and already appointed as the auditor on 2 May 2017 and you are within the transitional period that ends on 2 August 2017.

Once registration is granted, you are registered until it is cancelled or suspended (by the ROC or at your request) or you die. There is no renewal requirement.

You complete the form requesting the suspension or cancellation requesting the suspension or cancellation and the Commissioner will determine whether to do so.

Yes, please do. The register is used by reporting units to locate registered auditors and by the ROC to contact you with changes in the legislation.

Please complete the form notifying us of the changes.

You must inform us of changes to your circumstances that may materially affect your registration. There are penalties for failing to inform.

When can an application for registration be approved?

The Commissioner must approve the application for registration if:

  • The person is a registered company auditor (evidence must be supplied with the form), or
  • The person:
    • holds an appropriate qualification, and
    • satisfies the requirements of ASIC or has the requisite practical experience, and
    • the Commissioner is satisfied the person is capable of performing the duties and is a fit and proper person to be registered as an auditor.

However, the Commissioner cannot approve the application for registration as an auditor if:

  • the person is not eligible to be a candidate for or be elected (or appointed) to an office under section 215(1) (a person convicted of a prescribed offence), or
  • the person is disqualified from holding office under section 307A (disqualified from holding office by the Federal Court for contravening a civil penalty provision).

The Commissioner can also refuse to grant registration if the person is not resident in Australia. 

What happens if registration is granted?

The Commissioner must issue a certificate to the applicant informing them that:

  • they are now a registered auditor
  • the date the registration was granted.  

The registration takes effect from the date it was granted and remains in place unless it is cancelled or the person dies.

A registered auditor must inform the Commissioner of any changes in their circumstances that may materially affect their registration within 14 days.

What happens if registration is refused

The Commissioner cannot refuse an application for registration without holding a hearing and giving the individual a chance to make submissions and provide further evidence in support of their application for registration.

The Commissioner must provide a decision in writing to the individual outlining the reasons for their decision if the registration is refused.

Cancellation or suspension of registration

Use this form to cancel or suspend your registration.

Download: Cancellation or suspension of auditor registration  (DOCX 117.3KB)(DOCX 31.7KB)

The Commissioner may cancel or suspend a person’s registration as an auditor if:

  • they have requested that it be cancelled or suspended;
  • they have failed to carry out their duties under the Act,
  • have not performed audit work during a period of not less than 5 years and consequently does not have the requisite experience,
  • is otherwise not a fit and proper person to remain registered, or
  • they are no longer a registered company auditor.

The Commissioner must notify ASIC of the suspension or cancellation and the reasons for it.

The Commissioner must inform the affected person in writing of the decision to cancel or suspend their registration.

Transitional Provisions

Transitional rules have been created to assist auditors who are currently auditing a financial report of a registered organisation or a branch. Any ‘approved auditor’ who, immediately before 2 May 2017, held the position of auditor for the reporting unit, shall have transitional recognition for 3 months.

Transitional recognition ceases by 2 August 2017 (unless cancelled earlier).

After this time, auditors must be registered to continue to audit financial reports.

It is unlikely that this transitional recognition will enable the completion of an audit where the registered organisation or branch has a June 30 2017 financial year end. Auditors who are completing an audit for the June 30 2017 financial year end should download the appropriate form and commence application for registration as soon as possible.

The transitional rules are available here external-icon.png.