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ASIC gives further reporting guidance under COVID-19 conditions

ASIC has provided additional information for companies as they prepare for the reporting period. Quoting from a statement made by ASIC Chair James Shipton: ‘In the current environment, the quality of financial reports and related disclosures is more important than ever for investors and to maintain confident and informed markets,’ Mr Shipton said. ASIC highlighted … Continued

ASIC Updates FAQ’s on COVID-19 financial reporting

ASIC yesterday announced that the COVID-19 FAQs on financial reporting and audit were updated. The most significant addition at this time is the incorporation of further information for directors and auditors relating to the solvency statement to FAQs 11 and 12.  Please note that ASIC also made minor changes to FAQs 2 and 6 on … Continued

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