KPMG have to say that...but they probably only tested on "materiality".
That doesn't necessarily mean they went through document by document, and subsidiary by subsidiary.
Nobody will know and hence ASIC have to at least ASK some questions.
ASIC's dilemma is:
1. Do nothing. Nothing is wrong with the accounts. 2. Do nothing. Something is wrong. 3. Investigate. Nothing is wrong. 4. Investigate. Something is wrong.
Which one blows up in their face? The least they need to do is ASK and Investigate.
In the financial advisory landscape, they just ask for random client files and test. Why not do the same?
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