House of Representatives
Corporations Legislation Amendment (Audit Enhancement) Bill 2012
Explanatory Memorandum
(Circulated by the authority of the Parliamentary Secretary to the Treasurer, the Hon David Bradbury MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| AICD | Australian Institute of Company Directors |
| ADI | Authorised deposit-taking institution |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| CLERP 9 | Ninth Phase of the Corporate Law Economic Reform Program |
| CLERP 9 Act | Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 |
| Corporations Act | Corporations Act 2001 |
| CPAB | Canadian Public Accountability Board |
| CALDB | Companies Auditors and Liquidators Disciplinary Board |
| EC | European Commission |
| EU | European Union |
| FRC | Financial Reporting Council |
| G100 | Group of 100 |
| IFAC | International Federation of Accountants |
| PCAOB | Public Company Accounting Oversight Board (of US) |
| Treasury's audit quality paper | Audit Quality in Australia : A Strategic Review |
| UKFRC | UK Financial Reporting Council |
| UK | United Kingdom |
| US | United States of America |