Q1. How satisfied were you with your external auditor's audit focus, approach and risk assessment? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 11 | 32.4 | 32.4 | 32.4 |
6 | 17 | 50.0 | 50.0 | 82.4 | ||
5 | 4 | 11.8 | 11.8 | 94.1 | ||
4 - As expected | 2 | 5.9 | 5.9 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 5 | 15.6 | 15.6 | 15.6 |
6 | 21 | 65.6 | 65.6 | 81.3 | ||
5 | 5 | 15.6 | 15.6 | 96.9 | ||
4 - As expected | 1 | 3.1 | 3.1 | 100.0 | ||
Total | 32 | 100.0 | 100.0 | |||
ASX 201-300 | Valid | 7 - High | 5 | 22.7 | 22.7 | 22.7 |
6 | 9 | 40.9 | 40.9 | 63.6 | ||
5 | 5 | 13.6 | 13.6 | 77.3 | ||
4 - As expected | 4 | 18.2 | 18.2 | 95.5 | ||
3 | 1 | 4.5 | 4.5 | 100.0 | ||
Total | 22 | 100.0 | 100.0 | |||
Other listed | Valid | 6 | 1 | 50.0 | 50.0 | 50.0 |
5 | 1 | 50.0 | 50.0 | 100.0 | ||
Total | 100.0 | 100.0 | ||||
Other | Valid | 6 | 1 | 100.0 | 100.0 | 100.0 |
Q2. How satisfied were you that your external auditor has adopted an appropriate approach to quality management for your engagement? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 11 | 32.4 | 32.4 | 32.4 |
6 | 16 | 47.1 | 47.1 | 79.4 | ||
5 | 5 | 14.7 | 14.7 | 94.1 | ||
4 - As expected | 2 | 5.9 | 5.9 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 6 | 18.8 | 18.8 | 18.8 |
6 | 19 | 59.4 | 59.4 | 78.1 | ||
5 | 5 | 15.6 | 15.6 | 93.8 | ||
4 - As expected | 2 | 6.3 | 6.3 | 100.0 | ||
Total | 32 | 100.0 | 100.0 | |||
ASX 201-300 | Valid | 7 - High | 4 | 18.2 | 18.2 | 18.2 |
6 | 8 | 36.4 | 36.4 | 54.5 | ||
5 | 5 | 22.7 | 22.7 | 77.3 | ||
4 - As expected | 5 | 22.7 | 22.7 | 100.0 | ||
Total | 22 | 100.0 | 100.0 | |||
Other listed | Valid | 6 | 1 | 50.0 | 50.0 | 50.0 |
5 | 1 | 50.0 | 50.0 | 100.0 | ||
Total | 2 | 100.0 | 100.0 | |||
Other | Valid | 6 | 1 | 100.0 | 100.0 | 100.0 |
Q3. How satisfied were you with the way in which your external auditor demonstrated that they had adopted an appropriate mind-set and culture, and acted with appropriate professional scepticism? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 14 | 41.2 | 41.2 | 41.2 |
6 | 13 | 38.2 | 38.2 | 79.4 | ||
5 | 3 | 8.8 | 8.8 | 88.2 | ||
4 - As expected | 3 | 8.8 | 8.8 | 97.1 | ||
3 | 1 | 2.9 | 2.9 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 8 | 25.0 | 25.0 | 25.0 |
6 | 15 | 46.9 | 46.9 | 71.9 | ||
5 | 9 | 28.1 | 28.1 | 100.0 | ||
Total | 32 | 100.0 | 100.0 | |||
ASX 201-300 | Valid | 7 - High | 6 | 27.3 | 27.3 | 27.3 |
6 | 8 | 36.4 | 36.4 | 63.6 | ||
5 | 4 | 18.2 | 18.2 | 81.8 | ||
4 - As expected | 3 | 13.6 | 13.6 | 95.5 | ||
2 | 1 | 4.5 | 4.5 | 100.0 | ||
Total | 22 | 100.0 | 100.0 | |||
Other listed | Valid | 6 | 2 | 100.0 | 100.0 | 100.0 |
Other | Valid | 6 | 1 | 100.0 | 100.0 | 100.0 |
Q4. To what degree did the external auditor exhibit independence and objectivity? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 17 | 50.0 | 50.0 | 50.0 |
6 | 11 | 32.4 | 32.4 | 82.4 | ||
5 | 2 | 5.9 | 5.9 | 88.2 | ||
4 - As expected | 4 | 11.8 | 11.8 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 11 | 34.5 | 35.5 | 35.5 |
6 | 16 | 50.0 | 51.6 | 87.1 | ||
5 | 4 | 12.5 | 12.9 | 100.0 | ||
Total | 31 | 96.9 | 100.0 | |||
Missing | System | 1 | 3.1 | |||
Total | 32 | 100.0 | ||||
ASX 201-300 | Valid | 7 - High | 6 | 27.3 | 28.6 | 28.6 |
6 | 3 | 13.6 | 14.3 | 42.9 | ||
5 | 7 | 31.8 | 33.3 | 76.2 | ||
4 - As expected | 4 | 18.2 | 19.0 | 95.2 | ||
2 | 1 | 4.5 | 4.8 | 100.0 | ||
Total | 21 | 95.5 | 100.0 | |||
Missing | System | 1 | 4.5 | |||
Total | 22 | 100.0 | ||||
Other listed | Valid | 5 | 2 | 100.0 | 100.0 | 100.0 |
Other | Valid | 7 - High | 1 | 100.0 | 100.0 | 100.0 |
Q5. How satisfied were you with the communication/ interaction between the external auditor and the Audit Committee? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 13 | 38.2 | 38.2 | 38.2 |
6 | 14 | 41.2 | 41.2 | 79.4 | ||
5 | 6 | 17.6 | 17.6 | 97.1 | ||
4 - As expected | 1 | 2.9 | 2.9 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 9 | 28.1 | 28.1 | 28.1 |
6 | 17 | 53.1 | 53.1 | 81.3 | ||
5 | 5 | 15.6 | 15.6 | 96.9 | ||
4 - As expected | 1 | 3.1 | 3.1 | 100.0 | ||
Total | 32 | 100.0 | 100.0 | |||
ASX 201-300 | Valid | 7 - High | 5 | 22.7 | 22.7 | 22.7 |
6 | 11 | 50.0 | 50.0 | 72.7 | ||
5 | 3 | 13.6 | 13.6 | 86.4 | ||
4 - As expected | 2 | 9.1 | 9.1 | 95.5 | ||
1 - Low | 1 | 4.5 | 4.5 | 100.0 | ||
Total | 22 | 100.0 | 100.0 | |||
Other listed | Valid | 6 | 2 | 100.0 | 100.0 | 100.0 |
Other | Valid | 7 - High | 1 | 100.0 | 100.0 | 100.0 |
Q6. How satisfied were you with the extent to which the external auditor demonstrated innovation in their audit approach and methodology used? | ||||||
---|---|---|---|---|---|---|
Please indicate which type of entity you are an Audit Committee Chair of | Frequency | Percent | Valid Percent | Cumulative Percent | ||
ASX 100 | Valid | 7 - High | 5 | 14.7 | 14.7 | 14.7 |
6 | 8 | 23.5 | 23.5 | 38.2 | ||
5 | 13 | 38.2 | 38.2 | 76.5 | ||
4 - As expected | 7 | 20.6 | 20.6 | 97.1 | ||
3 | 1 | 2.9 | 2.9 | 100.0 | ||
Total | 34 | 100.0 | 100.0 | |||
ASX 101-200 | Valid | 7 - High | 3 | 9.4 | 9.7 | 9.7 |
6 | 7 | 21.9 | 22.6 | 32.3 | ||
5 | 11 | 34.4 | 35.5 | 67.7 | ||
4 - As expected | 9 | 28.1 | 29.0 | 96.8 | ||
3 | 1 | 3.1 | 3.2 | 100.0 | ||
Total | 31 | 96.9 | 100.0 | |||
Missing | System | 1 | 3.1 | |||
Total | 32 | 100.0 | 100.0 | |||
ASX 201-300 | Valid | 7 - High | 2 | 9.1 | 9.1 | 9.1 |
6 | 4 | 18.2 | 18.2 | 27.3 | ||
5 | 6 | 27.3 | 27.3 | 54.5 | ||
4 - As expected | 7 | 31.8 | 31.8 | 86.4 | ||
3 | 2 | 9.1 | 9.1 | 95.5 | ||
2 | 1 | 4.5 | 4.5 | 100.0 | ||
Total | 22 | 100.0 | 100.0 | |||
Other listed | Valid | 6 | 1 | 50.0 | 50.0 | 50.0 |
5 | 1 | 50.0 | 50.0 | 100.0 | ||
Total | 2 | 100.0 | 100.0 | |||
Other | Valid | 6 | 1 | 100.0 | 100.0 | 100.0 |
Q7. Taking all aspects of their service into consideration, which of the following best describes your overall view of your external auditor? | |||||
---|---|---|---|---|---|
Frequency | Percent | Valid Percent | Cumulative Percent | ||
Valid | Excellent | 35 | 38.5 | 38.5 | 38.5 |
Above average | 49 | 53.8 | 53.8 | 92.3 | |
Average | 6 | 6.6 | 6.6 | 98.9 | |
Below average | 1 | 1.1 | 1.1 | 100.0 | |
Total | 91 | 100.0 | 100.0 |