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ASIC findings on financial reports

By: Niven, Doug.
Series: Charter.Publisher: Sydney Institute of Chartered Accountants in Australia Edition: Vol 85(1) February 2014 p42.Subject(s): Australian Securities and Investments Commission (ASIC) | Financial reporting | Corporations | ReportingOnline resources: Download from Online Journals Summary: Niven outlines the finding of the Australian Securities and Investments Commission's (ASIC's) review of 30 June 2013 financial reports, which found that even though the quality of financial reporting in Australia is high, cases of inadequate asset impairment and revenue recognition are still being identified.
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Niven outlines the finding of the Australian Securities and Investments Commission's (ASIC's) review of 30 June 2013 financial reports, which found that even though the quality of financial reporting in Australia is high, cases of inadequate asset impairment and revenue recognition are still being identified.

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