ASIC v ISX Hearing, page-616

Mr Taylor has been charged with five contraventions of s307A(2) of the Corporations Act 2001. As an authorised audit company, Grant Thornton, has also been charged with five contraventions of s307A(1) of the Act.

Why do you think you are entitled to know the exact details that ASIC is claiming? You have the exact sections that have allegedly been contravened, they are not obligated to tell you any more. You expect to have access to their legal discovery process, is that it?

Fact is, ASIC rarely pursue auditors but when they do, they have a remarkably strong record of winning.