Exclusive
ASIC lawsuit reveals up to $2.8m axed from audit oversight
Ronald MizenSenior reporter
The corporate watchdog has admitted it ripped up to $2.8 million out of its audit and financial report inspection program, resulting in at least six senior analysts being reshuffled or made redundant.
It is the first time the Australian Securities and Investments Commission has acknowledged the extent of changes that led to its annual report card on the big four accounting firms’ audit quality being scrapped.
Loading...
Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Federal
Fetching latest articles