Tag: John Price

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…

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July 14, 2016 BY Valentina Kirilova

ASIC reports on review of due diligence practices in IPOs

An ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. Due diligence practices in initial public offerings includes this and other findings and provides ASIC's recommendations for good practice due diligence for issuers and directors. In the context…

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