In our inaugural podcast episode, the Registered Organisations Commission speaks with Claire Grayston, CPA Australia’s Policy Advisor for Audit and Assurance about the role of an auditor and the importance of audit independence. Claire also offers insight into how registered organisations can prepare for an audit, and provides guidance about how to manage the professional relationship.
02:41 The role of the auditor
07:00 Engaging an auditor
11:30 Auditor independence
17:05 How a registered organisation can prepare for an audit
18:38 Qualifications to an auditor’s opinion
20:30 Addressing concerns with an auditor
24:05 Professional scepticism
Episode one transcript (PDF 232.6KB)
Guest Profile: Claire Grayston, CPA Australia
Claire Grayston FCPA FCA, as Policy Adviser for Audit and Assurance at CPA Australia, is responsible for monitoring, influencing and contributing to public policy, regulation, standard setting and implementation of audit and assurance practice both within Australia and internationally. Claire focusses on both improving audit and assurance quality, through communication, education and resources, and supporting the future relevance and value of audit, through outreach, thought leadership and innovation. Claire works closely with standard setters, regulators, industry bodies, academics, public practitioners, members and other stakeholders to support outcomes of audit and assurance policy and oversight that are in the public interest.
Prior to joining CPA Australia, Claire developed standards and guidance at the Australian Auditing and Assurance Standards Board for over 9 years, including new innovative standards on controls assurance and agreed-upon procedures and guidance for assurance on service organisation controls, emissions and energy schemes and SMSFs. Claire has also worked as an auditor and forensic accountant in firms, regulators and consultancies in both Australia and the UK.
ROCpod is the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the Registered Organisations Commission. This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the ROC and its work. The ROC is not able to provide legal or accounting advice. For further information please see the materials on our website www.roc.gov.au or contact us at firstname.lastname@example.org