From kpmg.com: ASIC has outlined its focus areas for financial reports due by June 30, 2025, emphasising the importance of judgements related to asset values, provisions, revenue recognition, and disclosures.
The surveillance program will also assess sustainability reporting compliance and continue monitoring large proprietary companies that had previously been exempt from audited financial reporting.
ASIC stresses the need for high-quality disclosures to maintain market integrity, particularly in light of recent capital market volatility.