Home›Questions on Notice›QoN 854

❓ Dr. Honey questions the Minister for Mines and Petroleum regarding the LBMA's decision to disapprove the Perth Mint's auditor and requests the tabling of related reports. The Minister deflects responsibility for the auditor approval and denies the existence of a specific third-party review.

AnsweredQoN 854Legislative Assembly

Asked

16 August 2023

Member

Dr D.J. Honey

Portfolio

Mines and Petroleum

QuestionView source ↗

I refer to the London Bullion Market Association's (LBMA's) Perth Mint Incident Review Process Update statement, released on 7 August 2020. The LBMA stated that "There are elements of The Perth Mint’s risk assessment, which need to be strengthened through a Corrective Action Plan (CAP) to be audited by a third-party auditor. The previous auditor is no longer approved, and The Perth Mint will be required to use a new Approved Service Provider to carry out the audit", and I ask: (a) Why did the LBMA decide to no longer approve the then auditor; (b) Will you agree to table a copy of the LBMA’s 2020 report demanding a change of auditor, and if not, why not; and (c) Will you also agree to table the third party review of the Perth Mint’s audit process undertaken in 2020, and if not, why not?

AnswerView source ↗

Answered

19 September 2023

Responded by

Minister for Mines and Petroleum

Response time

8 days

a) Matters concerning the approval of a third-party auditor by the LBMA is a matter for the LBMA and the auditor.
b) Refer to (a)
c) The Perth Mint is subject to regular audits, but there was no such “third party review of the Perth Mint’s audit process undertaken in 2020” as described in the question.

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