Observations
Apr 19, 2024In his recent submission to a Senate inquiry, Doug Niven, former Chief Accountant at the Australian Securities and Investments Commission (ASIC) for over 25 years, criticized the regulator's oversight of major audit firms.
by Starling Insights, Wayne Byres, Michelle W. Bowman, Charles Randell
Compendium
Feb 14, 2024Observations
Dec 30, 2022In a case which some have called a "landmark,” the Australian Securities and Investments Commission (ASIC) put directors and executives on notice that they will be held personally accountable for wrongdoing at the firms they oversee. Alleging that they had failed to exercise statutory duties of care and diligence at crucial board meetings, ASIC filed a civil suit against 11 officials from casino operator Star Entertainment.
