Country profile

Australia

14 entries from 9 of our maps, in one place. Open a map to see Australia beside the rest of the world.

Accounting News

Global regulatory & profession weekly updates.

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Scandals & RiskRegional2026-09-28

KPMG audit triggers private-credit fund suspensions

Metrics Credit Partners suspended trading in three ASX-listed funds after KPMG challenged assumptions used in preliminary financial reports, leading to asset-value markdowns. The case adds to scrutiny of valuation and governance in Australia’s rapidly growing private-credit sector.

RegulationRegional2026-09-18

ASIC consolidates reporting and audit relief

ASIC issued consolidated reporting and auditing relief instruments as part of its 2026 regulatory programme. The instruments update and streamline parts of Australia’s corporate reporting and audit regulatory framework.

RegulationLocal2026-09-17

ASIC remakes qualified-accountant instrument

ASIC remade its legislative instrument defining qualified accountants under Australian corporate law. The update forms part of ASIC’s ongoing maintenance of reporting and regulatory instruments.

Scandals & RiskMajor global2026-09-04

ASIC reviews 551 Big Four misconduct complaints

ASIC is reviewing 551 complaints of potential audit misconduct involving Australia’s Big Four firms, Reuters reported from a parliamentary hearing. KPMG is under particular scrutiny following whistleblower allegations concerning confidential company information and audit-contract pursuits.

Audit Oversight Bodies

Public audit-oversight bodies (POBs) and IFIAR membership by country

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IFIAR member

Australian Securities and Investments Commission (ASIC) – Audit Oversight

PAO: 1. CPA Australia; 2. Chartered Accountants Australia and New Zealand (CA ANZ); 3. Institute of Public Accountants (IPA) · 213 registered audit firms · ~3,200 registered auditors · IFIAR member. ASIC oversees PIE auditors. CA ANZ, CPA Australia, and IPA handle registration and QA of non-PIE auditors

Sustainability Framework Adoption

Sustainability-reporting standards adopted by country (ESRS, ISSB, GRI, TCFD)

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IFRS SDS (ISSB)

IFRS SDS

Large entities (Group 1: >$5B revenue or >$1B assets): from Jan 2025; phases down to smaller entities · FY starting 1 Jan 2025 (largest); phased to 2028 · 'Climate first' approach; no SASB industry-specific requirement

Professional Accountancy Organisations

Accountancy bodies (PAOs) and their IFAC membership, by country

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IFAC member

CPA Australia (CPA)

IFAC member · Confederation of Asian and Pacific Accountants (CAPA) · Founded 1988

Members: 174,908 · Market penetration: 0.6575 · Total income: 181,972,000

Company Registry Portals

Where company financial statements are filed and published, by country

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All entities

ASIC – Australian Securities and Investments Commission

All public companies (Ltd) and large proprietary companies; small Pty Ltd: lodge but limited public disclosure · Annual financial reports filed with ASIC; publicly accessible via ASIC Connect; ASX for listed

Accountant & Auditor Salaries

Gross annual pay of accountants and external auditors, in US dollars (2026)

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$20,000–50,000

Accountant: $48,263 a year

  • Accountant: $48,263 a year (modelled estimate)
  • External auditor: $69,123 a year (profession survey, converted to USD)
  • Average for all jobs: $65,220 a year

Modelled values use global occupational multipliers; use as directional estimates.

Gross pay in nominal US dollars (2026), not adjusted for living costs.

Country Challenges

The main challenge for accounting and audit in each country, from public evidence (2026)

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Skills & workforce

Talent shortage

  • Evidence: Direct evidence — the selected source reports this issue directly
  • Scope: Accounting and audit

CA ANZ reports a growing workforce gap that threatens the supply of accounting expertise.

Source: Accounting contributes $82bn, faces workforce shortfall | CA ANZ (professional body)

Annual Report Awards

National & global awards for the best annual reports and corporate reporting

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Regional

Australasian Reporting Awards (ARA)

Australasian Reporting Awards Limited · Annual report; sustainability reporting; integrated reporting; online reporting special awards · Organisations in Australia, New Zealand and Asia-Pacific region

GDP per Capita

GDP per capita (current US$), 2025 — World Bank Open Data

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High income · over $14,005

$65,130

GDP per capita (current US$), 2025 · High income · over $14,005

Business opportunities

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Not on these maps yet: Accounting History.

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