The following abbreviations are used throughout this report:

AASB
Australian Accounting Standards Board
ACNC
Australian Charities and Not-for-profits Commission
AFAANZ
Accounting and Finance Association of Australia and New Zealand
AICD
Australian Institute of Company Directors
AOSSG
Asian-Oceanian Standard Setters Group
APESB
Accounting Professional and Ethical Standards Board
APPC
Australian Public Policy Committee
APRA
Australian Prudential Regulatory Authority
ASA
Australian Shareholders' Association
ASAs
Australian Auditing Standard
ASAF
Accounting Standards Advisory Forum (advises IASB)
ASBJ
Accounting Standards Board of Japan
ASIC
Australian Securities and Investments Commission
ASIC Act
Australian Securities and Investments Commission Act 2001
ASIC Report
ASIC Audit Inspection Program Report
ASX
Australian Securities Exchange
ATO
Australian Taxation Office
AUASB
Auditing and Assurance Standards Board
Audit Enhancement Act
Corporations Legislation Amendment (Audit Enhancement) Act 2012
Corporations Act
Corporations Act 2001
CPAB
Canadian Public Accountability Board
CPP
Certificate of Public Practice
CSR
Corporate Social Responsibility reporting
EC
European Council
ESG
Environmental, Social and Corporate Governance
EU
European Union
FOI Act
Freedom of Information Act 1982
FRC
Financial Reporting Council
FRC-UK
Financial Reporting Council (of the UK)
FTSE
Financial Times and London Stock Exchange
G20
The G20 brings together 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America plus the European Union, which is represented by the President of the EC and by Head of the European Central Bank.
G100
Group of 100
GAAP
Generally Accepted Accounting Principles
GFC
Global Financial Crisis
GFS
Government Finance Statistics
HoTARAC
Heads of Treasuries Accounting and Reporting Advisory Committee
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 Council
IPA
Institute of Public Accountants (formerly National Institute of Accountants)
IPSASB
International Public Sector Accounting Standards Board
ISAs
International Standards on Auditing
NIA
See IPA
NZASB
Accounting Standards Board (of New Zealand)
NZAuASB
Auditing and Assurance Standards Board (of New Zealand)
PCAOB
Public Company Accounting Oversight Board (of the USA)
PJC
Parliamentary Joint Committee on Corporations and Financial Services
PPC
Public Practice Certificate
PPQA
Public Practice Quality Assurance Review
The Program
ICAA Quality Review Program
PwC
PricewaterhouseCoopers
QBSA
Queensland Building Services Authority
QR
Quality Review (CPA Australia Quality Review Program)
RCA
Registered company auditor
SME
Small and medium-sized entity
SMSF
Self-Managed Superannuation Fund
SWOT
Strengths, Weaknesses, Opportunities and Threats analysis
TTAASAG
Trans-Tasman Accounting and Auditing Standards Advisory Group
Treasury
Australian Treasury
US FASB
Financial Accounting Standards Board (of the USA)
XRB
External Reporting Board (of New Zealand)

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