Article Search Results

• ASIC’s strategic priorities

  Content Type: CDM Article

  01 Feb 2012

  Peter Kell discusses how ASIC is managing its three strategic priorities in a constantly evolving environment. I recently rejoined ASIC as a commissioner, having first worked in the organisation between 1998 and 2004. In between, I was CEO of CHOICE and most recently, the Australian Competi...

• Opinion Maintaining high audit quality

  Content Type: CDM Article

  01 Aug 2010

  Douglas Niven warns that a drive to lower auditing fees can reduce the quality of audits. Maintaining high audit quality Many companies have been under pressure to reduce costs due to the global financial crisis or other factors. While these are commercial decisions for each compa...

• ASIC Report Improving disclosure by infrastructure entities

  Content Type: CDM Article

  01 Jun 2010

  ASIC plans to introduce disclosure benchmarks against which infrastructure entities will have to report. Greg Medcraft explains how these will work. Improving disclosure by infrastructure entities Over the last decade, there has been a steady increase in privately funded infrast...

• ASIC Report Regulation of the insolvency industry

  Content Type: CDM Article

  01 May 2010

  Michael Dwyer discusses ASIC’s approach to corporate insolvency and regulation of the profession. Regulation of the insolvency industry With rising insolvencies flowing from the global economic crisis, a number of company directors may be exposed to an external administration or they may...

• ASIC Report Effective disclosure builds market confidence

  Content Type: CDM Article

  01 Sep 2009

  Belinda Gibson details some of the projects ASIC has initiated over the past year to ensure the maintenance of good disclosure practices in the wake of the global financial crisis. Effective disclosure builds market confidence During this period of economic turbulence, a key objective of...

• ASIC Report ASICs financial reporting guidance

  Content Type: CDM Article

  01 Aug 2009

  ASIC’s Michael Dwyer provides some guidance for company directors ahead of the financial reporting season. ASIC’s financial reporting guidance Many company directors will be working to finalise the financial reports for the 30 June 2009 reporting period. The Australian...

• ASIC Report Disclosing your financial position Sep 08

  Content Type: CDM Article

  01 Sep 2008

  Disclosing your financial position In the current environment, the market’s attention is very much focused on the financial position of companies. As a director you often need to make difficult judgement calls when finalising accounts and making announcements about the results. At ASIC, we are very...

• ASIC Report Bolstering audit committees May 08

  Content Type: CDM Article

  01 May 2008

  Bolstering audit committees Audit committees are an important element in a corporate governance framework. This importance has been recognised in many jurisdictions across the world, including Australia. The Australian Securities and Investments Commission (ASIC), together with the accounting bodie...

• ASIC Report

  Content Type: CDM Article

  01 Jun 2007

  New end of year disclosures All listed companies must now include an Operating and Financial Review (OFR) in their directors’ report. These were introduced as part of the CLERP 9 audit and corporate disclosure changes in 2004. Prepare your company’s OFR with the needs of users in mind. It should b...

• ASIC Report

  Content Type: CDM Article

  01 May 2007

  Global markets: regulating for economic growth As our global markets grow and become more liquid, members of the Australian financial system are increasingly carrying out their businesses on the international stage. Whether you are a director of a company, a regulator, a market participant or a fin...

• ASIC Report

  Content Type: CDM Article

  01 Oct 2006

  Complying in the AGM season The annual general meeting (AGM) season is fast approaching and I thought it an opportune time to mention a couple of important compliance issues for listed companies. ASIC will be looking closely at any trends or issues emerging from the 2006 AGMs by monitoring complain...

• ASIC Report

  Content Type: CDM Article

  01 Jun 2006

  FRS, where are we know, and what has been achieved? Companies and entities that prepare financial reports under Chapter 2M of the Corporations Act 2001 must comply with the Australian equivalents of International Financial Reporting Standards (AIFRS) for financial reporting periods beginning on or...

• ASIC Report

  Content Type: CDM Article

  01 May 2006

  By Allan Bulman, Director, Compliance, Australian Securities & Investments Commission Keep your prospectus clear, concise and effective As a company director, it is your responsibility to comply with the disclosure provisions of the Corporation Act (2001) in respect of prospectuses your co...