The ASX says a company should safeguard integrity in financial reporting,(principle 4).An important element of this principle is:

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Independent verification of financial reports is an important element of safeguarding integrity in financial reporting as it ensures that the information provided is accurate and free from any bias or manipulation. This helps to enhance investor confidence and trust in the company's financial reporting. Internal auditing of financial reports is also important, but it is complementary to independent verification and not a substitute for it. Having a board of directors with a majority of members being executive directors or a chairperson of the board does not necessarily ensure integrity in financial reporting.

The ASX Says a Company Should Safeguard Integrity in Financial