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ASIC urges stakeholders to improve reporting and audit obligations

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Inadequate operating and financial review disclosures top list of shortcomings as A$215m adjusted in one year.

A total of A$215m ($136m) was adjusted due to the Australian Securities & Investments Commission’s (ASIC) financial reporting and audit surveillances between July 1, 2022 and June 30, 2023, the regulator’s Annual financial reporting and audit surveillance report 2022–2023 shows.

During the period, 180 financial reports of ASX-listed entities and other large unlisted

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