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ASIC may name accounting firms that fall short on audit quality

The corporate regulator is examining whether it should publicly name accounting firms whose audit quality falls below its benchmarks as part of its new overarching mantra of "deterrence, public denunciation and punishment of wrongdoing".

ASIC may name accounting firms that fall short on audit quality
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ASIC may name accounting firms that fall short on audit quality

But the Australian Securities and Investments Commission has yet to decide on the thresholds it will use when determining if a firm has fallen short on audit quality.

Read more at the Financial Review.

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