Asic puts Aussie auditors on notice
The regulator issued its first infringement notices and suspended two auditors in the 2024 financial year.
Asic has written to firms telling them it will be 'proactive' in its surveillance.
Surveillance of auditing practices by Australia's market regulator resulted in corporates making a collective A$1.8 billion ($1.9b) in adjustments to their reporting across 25 separate financial statements in the 2024 financial year.
The Australian Securities and Investments Commission (Asic) has
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