ASIC on the future of auditing

In 2026, auditors are working in an environment defined by AI technologies, heightened scrutiny, regulatory oversight and ethics demands.  Which is why it's vital that professionals in audit understand this evolving landscape. Additionally, how the regulator ASIC views key issues and what it is focusing on in 2026.  ASIC commissioner Kate O'Rourke is this episode's special guest and she discusses the evolution of audit and financial oversight at a pivotal time.  This episode explores:  The biggest forces currently reshaping the audit and assurance landscape in Australia  The key areas where ASIC expect firms to lift their performance  The role of digital tools, automation and AI in enhancing audit quality, risk detection, and regulatory oversight  The safeguards, ethical standards, and governance structure ASIC expects firms to put in place when integrating advanced analytics or AI into audit processes  Emerging major international trends  How stronger global alignment could shape the future of Australia's audit framework  Capabilities that the next generation of auditors need  How regulators, firms, and professional bodies like CPA Australia can work together to build that future-ready workforce pipeline.  Listen now for expert-led insights from ASIC.  Host: Tiffany Tan, audit and assurance lead, CPA Australia.  Guest: Kate O'Rourke, ASIC commissioner. She previously held senior leadership roles at Treasury and has held executive roles at ASIC overseeing corporate transactions and governance. Kate O'Rourke began her five-year term as an ASIC commissioner in September 2023.  ASIC is Australia's integrated corporate, markets, financial services, and consumer credit regulator. It is an independent Australian government body.  Head to ASIC online for more information on its senior leadership.  Loving this episode?  Listen to more With Interest episodes and other CPA Australia podcasts on YouTube.  And don't forget to click subscribe to the channel for a wide range of content that will help your career.  CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting:  With Interest  INTHEBLACK  INTHEBLACK Out Loud  Excel Tips  Search for them in your podcast platform. Email the podcast team at [email protected]