Archive for September 2nd, 2011

2 September 2011: Australian court case sheds light on directors’ responsibilities for compliance with Accounting Standards

This item was filled under Accounting

The Federal Court of Australia has handed down penalty orders in a case involving financial reporting issues (the ‘Centro case’). The penalty orders follow on from an earlier decision on 27 June 2011 where the Court found directors had breached their d…

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