ASIC has issued an updated version of Regulatory Guide 34 Auditor’s obligations: reporting to ASIC
(RG 34). RG 34 provides guidance to help auditors comply with their
obligations to report certain matters including contraventions and
suspected contraventions of the Corporations Act by their audit clients to ASIC. RG 34 has been updated to include guidance for auditors of Australian Financial Services (AFS) licensees.