To late to edit @GARETH78
As per this post on FFX:
https://hotcopper.com.au/threads/ann-audit-update.7926758/page-13?post_id=73122976
As per ASIC, information should be produced on a timely basis and supported by the appropriate analysis and documentation, which would include a contingent liability disclosure regarding an unquantifiable liability probable in the future?
Finalisation of financial statements should not be subject to the resolution of future events, and the statements must include notes about likely future events that cannot be quantified to cater for this?
Same as, same as they shouldn't be withholding financial based on a settlement outcome?
cheers
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