SPX Discussion for the Grown-Ups, page-75

  1. 27 Posts.
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    To the above - ASIC asleep at the wheel?

    Consequences of non-compliance:
    If a company fails to conduct an external audit, the ASX can take action, including suspending the company's trading, issuing warnings, or referring the matter to ASIC for further investigation.
    ASIC oversight:
    ASIC is responsible for regulating corporate conduct and can take enforcement actions against companies and their directors if they fail to comply with audit requirements.
 
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