The Australian Securities and Investments Commission (ASIC) has accepted applications from Benjamin Alfred Peters and L Audit Pty Ltd to cancel their respective registrations as a company auditor and an authorised audit company. The action follows concerns about Peters’ role as lead auditor and engagement partner in the audit of a large proprietary company. ASIC’s review under its 2025–26 audit surveillance program identified significant audit quality concerns in several areas. Peters is L Audit’s sole director.
Australian Securities and Investments Commission accepts applications to cancel Benjamin Alfred Peters’ and L Audit’s auditor registrations
The Australian Securities and Investments Commission has accepted applications to cancel the auditor registrations of Benjamin Alfred Peters and L Audit Pty Ltd, where Peters is sole director. A review under its 2025–26 audit surveillance program identified significant audit quality concerns, including concerns about Peters’ role as lead auditor and engagement partner for a large proprietary company.