The following abbreviations are used throughout this report:

AASB
Australian Accounting Standards Board
AOSSG
Asian-Oceanian Standards Setters Group
APES
Accounting Professional and Ethical Standard
APESB
Accounting Professional and Ethical Standards Board
AQRB
Audit Quality Review Board
ASA
Australian Auditing Standard
ASIC
Australian Securities and Investments Commission
ASIC Act
Australian Securities and Investments Commission Act 2001
ASQC
Australian Quality Control Standard
ASRB
Accounting Standards Review Board (of New Zealand)
ASX
Australian Securities Exchange
AUASB
Auditing and Assurance Standards Board
CALDB
Companies Auditors and Liquidators Disciplinary Board
Corporations Act
Corporations Act 2001
CPP
Certificate of Public Practice
EC
European Commission
FASB
Financial Accounting Standards Board (of the USA)
FRC
Financial Reporting Council
FRSB
Financial Reporting Standards Board (of New Zealand)
FSB
Financial Stability Board
GAAP
Generally Accepted Accounting Principles
GFS
Government Finance Statistics
IAASB
International Auditing and Assurance Standards Board
IASB
International Accounting Standards Board
ICAA
The Institute of Chartered Accountants in Australia
IFAC
International Federation of Accountants
IFRS
International Financial Reporting Standards
IIRC
International Integrated Reporting Committee
IPA
Institute of Public Accountants (formerly National Institute of Accountants)
IPSAS
International Public Sector Accounting Standard
IPSASB
International Public Sector Accounting Standards Board
MOU
Memorandum of Understanding
NZASB
Accounting Standards Board (of New Zealand)
NZAuASB
Auditing and Assurance Standards Board (of New Zealand)
NZICA
New Zealand Institute of Chartered Accountants
PCAOB
Public Company Accounting Oversight Board (of the USA)
PPC
Public Practice Certificate
PPQA
Public Practice Quality Assurance Review
PSB
Professional Standards Board (of New Zealand)
QA
Quality Assurance
RCA
Registered Company Auditor
RDR
Reduced Disclosure Regime
SMEs
Small and medium-sized entities
SMSF
Self-Managed Superannuation Fund
TTAASAG
Trans-Tasman Accounting and Auditing Standards Advisory Group
Treasury
Australian Treasury
UK
United Kingdom
USA
United States of America
XRB
External Reporting Board (of New Zealand)