Forvis Mazars Corporate risk and reporting newsletter – February 2026

The December quarter brought no shortage of regulatory activity, reporting developments and governance updates across the financial landscape. In 2026 the pace of change continues to accelerate — from ASIC’s renewed enforcement priorities and enduring financial‑reporting focus areas, to the introduction of updated sustainability‑reporting expectations and evolving obligations under the AML/CTF, privacy and corporate‑governance regimes. 

Key highlights in our February 2026 edition include:

Financial Reporting

• ASIC ‘enduring’ financial-reporting focus areas
• Year-end reminders
• High-quality reports and audits needed
• Over $2.2 million in fines for alleged lodgement failures
• IASB issues examples on reporting uncertainties
• High-quality valuation needed
• New insights into lease-accounting challenges
• Insights help smaller listed's improve their reporting

Sustainability Reporting

• CA ANZ launches Sustainability Playbook
• SMEs might need to report GHG emissions sooner
• ISSB amends IFRS S2
• New assurance guide for climate-related disclosures
• APESB issues an updated code and prohibitions guidance

Governance

• ASFA launches scam-prevention aids
• Upcoming periodic deadlines

Regulators and legislators

• ASIC announces 2026 enforcement priorities
• ASIC uncovers poor corporate whistleblower policies
• Super to be paid with salary
• Government proposes big DIN changes
• AUSTRAC releases guidance for new reporters

AFSL

• Updated guidance on managing conflicts of interest
• Be wary when using overseas service providers
• ASIC issues key legal obligations for private credit funds
• Transitional relief for foreign financial-services providers extended

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