2020 Transparency Report
30 October 2020
BDO’s 2020 Transparency Report has been prepared to comply with the requirements of the Corporations Act. It also provides us with an opportunity to share our approach to audit quality.
Our internal values and strategic drivers continue to provide direction in what has been a challenging year for capital markets and the broader economy. The coronavirus has presented unprecedented challenges for preparers and auditors of financial statements and these impacts will continue to be significant. We at BDO are aware of the role that transparency plays in building and maintaining trust in these difficult times.
The ongoing inquiry into the regulation of auditing in Australia by the Parliamentary Joint Committee on Corporations and Financial Services (PJC) is also keeping the spotlight on audit quality and regulation. Our 2020 Transparency Report considers the recommendations made by the PJC in its interim report.
In addition, our 2020 Transparency Report provides information about our systems of quality control, which enable clients and investors to better understand how we support and improve audit quality and the results of our efforts to date.