ASIC consults on audit relief for proprietary companies and reporting relief for wholly-owned companies LeapRate

August 15, 2016 BY Valentina Kirilova

ASIC consults on audit relief for proprietary companies and reporting relief for wholly-owned companies

ASIC has issued a consultation paper proposing to remake three class orders that are due to expire (sunset) on October 1, 2016 and April 1, 2017. The class orders affect the audit of proprietary companies and financial reporting by wholly-owned entities. The consultation paper also seeks feedback on ASIC guidance documents on audit relief and…

August 10, 2016 BY Valentina Kirilova

ASIC consults on ‘sunsetting’ class orders about non-monetary consideration managed investment schemes

ASIC has released a consultation paper proposing to remake its class orders on non-monetary consideration managed investment schemes, which is currently due to expire (‘sunset’) on April 1, 2017. ASIC proposes to remake the class orders as, in its view, the class orders are operating effectively and efficiently and continues to form a necessary and useful…

July 25, 2016 BY Valentina Kirilova

ASIC consults on communicating audit findings to directors, audit committees or senior managers

ASIC today released a consultation paper about it directly communicating specific financial reporting and audit findings identified from ASIC reviews of external audit files to directors, audit committees or senior managers of companies, responsible entities or disclosing entities. ASIC Commissioner John Price said: We are consulting about reporting the most significant findings from our reviews of…

Tag: ASIC consultation paper