乐鱼（Leyu）体育官网 Australia鈥檚 Transparency Report outlines how we drive audit quality, our quality management systems, and continuous improvement processes. This report covers the activities of 乐鱼（Leyu）体育官网 Australia1 for the financial year to 30 June 2024.
乐鱼（Leyu）体育官网 Australia is committed to being a leader in audit quality. We aim to inspire the confidence of our clients and their investors, and strengthen the capital markets and their economies. We believe audit quality is fundamental to maintaining public trust in capital markets.
We recognise greater transparency is needed for the public to gain insight into audit services. Particularly as our profession has been, and remains, under an unprecedented spotlight, with heightened community awareness and expectations on integrity, confidentiality and trust.
This report is structured around the 乐鱼（Leyu）体育官网 Global Quality Framework, to provide more transparency on what drives 乐鱼（Leyu）体育官网 audit quality. For 乐鱼（Leyu）体育官网, the Global Quality Framework outlines how we deliver quality and how every partner and staff member contributes to its delivery. The drivers outlined in the framework reflect the ten components of our system of quality management (SoQM), which align to the International Standard on Quality Management 1 (ISQM1). This Transparency Report describes how 乐鱼（Leyu）体育官网 Australia effectively operates each SoQM component, supporting the consistent performance of quality engagements.
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The System of Quality Management Statement of Effectiveness
As at 30 September 2024
The annual evaluation of 乐鱼（Leyu）体育官网 Australia's System of Quality Management as at 30 September 2024 concluded that the System of Quality Management provides 乐鱼（Leyu）体育官网 Australia2 with reasonable assurance that the objectives of the System of Quality Management are being achieved in accordance with ISQM1 and ASQM1.
The objectives of the System of Quality Management are to provide 乐鱼（Leyu）体育官网 Australia with reasonable assurance that:
- 乐鱼（Leyu）体育官网 Australia and its personnel fulfill their responsibilities in accordance with professional standards and applicable legal and regulatory requirements, and conduct engagements in accordance with such standards and requirements; and
- Engagement reports issued by 乐鱼（Leyu）体育官网 Australia or engagement partners are appropriate in the circumstances.
- This report covers the activities of 乐鱼（Leyu）体育官网 Australia in Australia. The operations of 乐鱼（Leyu）体育官网 Fiji and 乐鱼（Leyu）体育官网 Papua New Guinea (PNG) are not captured as part of this report unless otherwise stated. Refer to Appendix 1 鈥楰ey legal entities and areas of operation鈥�. Audit activities in this report represent our Audit & Assurance 鈥� External audit division and the Audit & Assurance business unit within the Enterprise division. The Enterprise division serves mainly private and mid-market clients.
- This report only covers the SoQM conclusion for 乐鱼（Leyu）体育官网 Australia. 乐鱼（Leyu）体育官网 Fiji and 乐鱼（Leyu）体育官网 PNG are not captured by this report as each member firm provides their own SoQM conclusion.
