KPMG auditors acted reasonably and used appropriate professional judgment when auditing the allegedly misleading financial reports of steelmaker and miner Arrium Ltd, they told the Victorian Supreme Court on Thursday.
KPMG auditors acted reasonably and used appropriate professional judgment when auditing the allegedly misleading financial reports of steelmaker and miner Arrium Ltd, they told the Victorian Supreme Court on Thursday.
The NSW Attorney General has rejected a state committee's findings of misconduct against the NSW Director of Public Prosecutions Sally Dowling after advice from a senior counsel and two barristers found a lack of "evidentiary basis."
The Supreme Court of Victoria has heard that a class action centring on misleading IPO representations against software company Nuix, Macquarie Capital and former director Daniel Phillips failed to properly plead its case against Phillips.
The Federal Court of Australia has dismissed asset manager QB4 Capital's bid to appeal costs orders in a dispute over about $520,000 in legal and audit fees, clearing the way for $8.5 million to finally be distributed to investors in Guardian Securities.
A Federal Court judge has tossed a former IG Markets client's challenge to AFCA's refusal to consider his late complaint over alleged derivatives losses, saying the dispute falls within the broad bar on judicial review of AFCA decisions.
ACCC chair Gina Cass-Gottlieb called for "better regulation" rather than more regulation in a speech on Thursday, saying oversight should be proportionate to the problems it seeks to address.
ASIC has suspended the financial licence of GFA Capital Markets for five months following an industry-wide review into over 50 licensed contracts for difference (CFD) issuers, citing the firm's "multiple client money, reporting obligation and compliance failures."
