It’s far from flashy, but every so often the wayward fangs of ASIC sic onto the auditing profession.
The corporate cop slapped Grant Thornton and its former director Brad Taylorover the iSignthis debacle in 2022, becoming the third time ASIC brought criminal charges over failing to comply with auditing standards in an 18-month period.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com