The Registered Organisations Commission has reached a new milestone, registering more than 150 auditors in the past 5 weeks.
The registration of auditors who audit registered organisations is a requirement under the Fair Work (Registered Organisations) Act 2009.
“I’m delighted the Commission has registered 154 auditors since we called for registrations on 18 May 2017,” Registered Organisation Commissioner Mark Bielecki said.
Commissioner Bielecki says the registration of auditors is a crucial part of the Commission’s aim of encouraging high standards of transparency and accountability within registered organisations.
“The Commission is committed to promoting a high level of compliance among registered organisations with regard to their financial reports and annual returns,” he said.
“Considering the Commission only commenced operations on 1 May 2017, the registering of 154 auditors is an excellent step forward. I would like to commend our financial reporting specialists for handling these registrations smoothly and efficiently.”
The Commission has held workshops in Melbourne and Sydney to inform auditors about the new registration process.
Auditors who are currently auditing a financial report of a registered organisation or a branch have a transitional recognition period which covers them until 2 August 2017.
An auditor must be registered if they intend to sign an audit after this date.
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