© Commonwealth of Australia 2014
ISSN 2204-0935 (Print)
ISSN 2204-0943 (Online)
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Chairman: Email: |
Secretariat: Telephone: Facsimile: Email: |
17 October 2014
The Hon Joe Hockey MP
Treasurer
Parliament House
CANBERRA ACT 2600
Dear Treasurer
I have pleasure in presenting the annual report of the Financial Reporting Council (FRC) for the year ended 30 June 2014.
The report has been prepared in accordance with sections 235B of the Australian Securities and Investments Commission Act 2001 (ASIC Act) for presentation in the Parliament. Subsection 235B(1) of the ASIC Act requires the FRC to prepare a report on its operations during the year, and on the achievement of the objects of Part 12 of the ASIC Act relating to accounting and auditing standards. Subsection 225(2B) of the ASIC Act further requires the FRC to provide strategic policy advice and report on the quality of audits conducted by Australian auditors.
Subsection 235B(4) of the ASIC Act requires the report to be tabled in each House of the Parliament as soon as practicable.
Yours sincerely
SIGNED
Michael Coleman
Chairman