News
30 June 2025
CADB admonishes Victorian Auditor
On 30 June 2025, a Panel of CADB admonished Simon Christopher Trivett, a registered auditor. Mr Trivett of Grant Thornton Audit Pty Ltd (Grant Thornton), was Review Auditor on the audit performed by Grant Thornton of the financial report of the consolidated entity comprising iSignthis Limited and its subsidiaries.
The Panel was satisfied that Mr Trivett had failed in his duty as Review Auditor, to carry out or perform adequately and properly the duties or functions required by Australian law to be carried out or performed by a registered auditor in connection with the audit. In addition to being admonished, the Panel required Mr Trivett to provide undertakings to ASIC in relation to engaging a Peer Reviewer for his audits and undertaking extra CPD.
25 June 2025
CADB cancels registration of Victorian Auditor
On 25 June 2025, a Panel of CADB ordered that the registration of Bradley Laurance Willot Taylor as an auditor be cancelled. Mr Taylor, a director of Grant Thornton Audit Pty Ltd (Grant Thornton), was Lead Auditor on the audit performed by Grant Thornton of the financial report of the consolidated entity comprising iSignthis Limited and its subsidiaries.
The Panel was satisfied that Mr Taylor had failed in his duty as Lead Auditor to ensure that Grant Thornton performed the audit in accordance with auditing standards.
18 Jun 2025
Federal Court of Australia decision regarding status of CADB as expert or specialist Board - Williams v CADB.
On 18 June 2025, Justice Perry of the Federal Court of Australia handed down the decision in Williams v CADB [2025] FCA 629 in which she dismissed an application for the review of the decision of the Board in ASIC v Williams made on 5 December 2018.
In doing so, Justice Perry held that CADB is "properly regarded as an expert or specialised board and is therefore entitled to rely upon its expertise and specialised knowledge subject to the obligation to act in accordance with procedural fairness”.
9 May 2025
Submission by CADB to the Australian National Audit Office (ANAO) Performance Audit of the effectiveness of ASIC’s regulation of registered company auditors
The ANAO has commenced a performance audit assessing the effectiveness of ASIC's regulation of registered company auditors (the Audit). On 12 February 2025, ANAO invited a contribution from CADB in relation to the Audit.