ASIC has identified financial reporting misconduct, including failures to lodge, as an enforcement priority for 2026 and is planning further surveillance. For AFS licensees, ASIC has updated Regulatory Guide 26 to reflect changes to processes for auditor removal and cessation. From June 16, 2025, AFS licensees and applicants must use the AFS licensing portal within the ASIC Regulatory Portal to seek consent to remove an auditor and to notify ASIC of auditor appointments or cessations. Applications for ASIC consent to resign as auditor of an AFS licensee continue to be made using Form FS08. For insurers, the combination of enforcement activity, reforms to super-switching oversight, and the emerging sustainability reporting regime points to closer scrutiny of advice, trustee, and disclosure practices, as well as potential changes in liability and claims trends in professional and financial lines.