This audit would assess the management of interests, information, gifts, regulatory activities, internal controls and credit cards at the Australian Competition and Consumer Commission, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission, including direction and oversight by accountable authorities.

This audit would examine how efficiently and effectively the National Measurement Institute (NMI) is administering trade measurement in Australia.

Measurement is integral to any well-functioning and productive economy, and plays a critical role in domestic law and international treaties for trade, commerce and consumer protection. Following a 2007 decision of the Council of Australian Governments to transfer trade measurement responsibilities from the states and territories, national trade measurement commenced on 1 July 2010. Trade measurement refers to all transactions in which the price of the commodities or goods is based on measurement of quantity or quality. The primary purpose of Australia's trade measurement system is to ensure that the pricing of traded goods is based on accurate measurement. Trade measurement covers both business-to-business transactions and business-to-consumer transactions. The NMI is responsible for ensuring that businesses and individuals comply with the rules and regulations so that there is accurate and reliable measurement in trade.

The timing of the audit would take into account the outcome of the review of Australia's regulatory framework for measurement, including trade measurement.

This audit would assess the Australian Taxation Office's (ATO's) effectiveness in implementing the justified trust programs by which the ATO analyses a taxpayer's governance and systems for tax to determine the direction and level of effort for the engagement.

Since 2016, the ATO has applied justified trust through a program of assurance reviews of the top 100 taxpayers to ensure large public businesses, multinationals and superannuation funds are paying the right amount of tax and have the right tax governance processes in place. The program has been increased to the top 1,000 taxpayers, plus a top 500 and top 5,000 program in the private wealth sector. The audit would consider whether the program is appropriately designed, whether ATO staff comply with program policies, and whether the program is delivering expected benefits.