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2024/25 review of Audit and Review Guidelines

Licensees have a legislative obligation to provide the ERA with an audit report and, if applicable, an asset management review report, once every 24 months or any longer period approved by the ERA.

The ERA publishes guidelines to inform licensees and external auditors about our requirements for conducting audits and reviews. Licensees and auditors must comply with the guidelines when undertaking an audit or review.

The 2024/25 review was conducted to ensure the guidelines are current and fit for purpose, including ensuring the audit and review process is efficient and not causing licensees to incur unnecessary regulatory costs.

While it is a licence condition to comply with the guidelines, they are not a legislative instrument. It is at the ERA’s discretion what the guidelines require and when they are reviewed. The purpose of the guidelines is to ensure auditors apply a consistent approach to conducting audits and reviews and to help licensees comply with their obligation to have audits and reviews.

Papers

Date Documents File type
17-Jun-25 2024/25 review of Audit and Review Guidelines - Decision
Adobe PDF 420 kB

Description: 2024/25 review of Audit and Review Guidelines - Decision
05-Mar-25 2024/25 review of Audit and Review Guidelines - Consultation paper on draft new guidelines
Adobe PDF 354 kB

Description: 2024/25 review of Audit and Review Guidelines - Consultation paper on draft new guidelines

Guidelines

Date Documents File type
17-Jun-25 2025 Audit and Review Guidelines: Electricity and Gas Licences
Adobe PDF 957 kB

Description: 2025 Audit and Review Guidelines: Electricity and Gas Licences
17-Jun-25 2025 Audit and Review Guidelines: Electricity and Gas Licences (tracked changes)
Adobe PDF 1,003 kB

Description: 2025 Audit and Review Guidelines: Electricity and Gas Licences (tracked changes)
05-Mar-25 2025 Audit and Review Guidelines Electricity and Gas Licences (clean version) - draft for public consultation
Adobe PDF 867 kB

Description: 2025 Audit and Review Guidelines Electricity and Gas Licences (clean version) - draft for public consultation
17-Jun-25 2025 Audit and Review Guidelines: Water Licences
Adobe PDF 922 kB

Description: 2025 Audit and Review Guidelines: Water Licences
05-Mar-25 2025 Audit and Review Guidelines Electricity and Gas Licences (tracked changes) - draft for public consultation
Adobe PDF 956 kB

Description: 2025 Audit and Review Guidelines Electricity and Gas Licences (tracked changes) - draft for public consultation
17-Jun-25 2025 Audit and Review Guidelines: Water Licences (tracked changes)
Adobe PDF 956 kB

Description: 2025 Audit and Review Guidelines: Water Licences (tracked changes)
05-Mar-25 2025 Audit and Review Guidelines Water Licences (clean version) - draft for public consultation
Adobe PDF 799 kB

Description: 2025 Audit and Review Guidelines Water Licences (clean version) - draft for public consultation
05-Mar-25 2025 Audit and Review Guidelines Water Licences (tracked changes) - draft for public consultation
Adobe PDF 873 kB

Description: 2025 Audit and Review Guidelines Water Licences (tracked changes) - draft for public consultation

Public submissions

Date Documents File type
17-Jun-25 Alinta Energy - 2025 review of the Audit and Review Guidelines
Adobe PDF 173 kB

Description: Alinta Energy - 2025 review of the Audit and Review Guidelines
17-Jun-25 APA Group - 2025 review of the Audit and Review Guidelines
Adobe PDF 128 kB

Description: APA Group - 2025 review of the Audit and Review Guidelines
17-Jun-25 WA Expert Consumer Panel - 2025 review of the Audit and Review Guidelines
Adobe PDF 192 kB

Description: WA Expert Consumer Panel - 2025 review of the Audit and Review Guidelines
17-Jun-25 WA Expert Consumer Panel Addendum - 2025 review of the Audit and Review Guidelines
Adobe PDF 105 kB

Description: WA Expert Consumer Panel Addendum - 2025 review of the Audit and Review Guidelines
Page last updated: 17 Jun 2025