Thank you Peter teresa3 from across the road Headline business...

Thank you Peter teresa3 from across the road

Headline business section The West Australian today. ASIC flew into Perth today to visit firms whose independent expert work looks below par. investigating sensative transactions such as schemes of arrangemnt and takeovers. "They are supposed to provide useful information to investors to assess a potential transaction" "But the reports have long been treated with scepticism by brokers, corporate advisors and investors. ASIC warned advisory firms in February it may review files.". A Mr Price said ASIC's work had raised concerns about 24% of reports with the main worries being about assuptions made in the reports and wether they had just accepted material supplied by the company . Not inferring anything just an interesting article