ASIC wants reports to reflect reality

By Adeline Teoh · 4 December 2008 · Locked

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Summary

The Australian Securities and Investments Commission (ASIC) has indicated that companies must properly disclose their business activities to give a true reflection of the economy in their next financial report. The regulator will specifically target poor disclosure and questionable asset values, and scrutinise methods of valuing assets. Fluctuations in the current market have prompted […]