Dont forget kids!!:Criminal proceedings against Grant...

Dont forget kids!!:

Criminal proceedings against Grant Thornton

ASIC recently commenced criminal proceedings against Grant Thornton and Mr Taylor for five contraventions of sections 307A(1) and 307A(2) of the Corporations Act 2001, respectively.
The contraventions involve Grant Thornton and Mr Taylor’s alleged failure to conduct the 2018 audits of iSignthis’ accounts in accordance with the Australian Auditing Standards.
On 1 September 2022, Grant Thornton and Mr Taylor appeared in the Melbourne Magistrates Court in relation to the alleged contraventions of section 307A of the Corporations Act 2001.
The maximum penalty Grant Thornton and Mr Taylor face for each contravention of section 307A of the Corporations Act 2001 is $52,500 (for body corporates) and $10,500 (for individuals).
The proceedings were adjourned to 1 December 2022.