Big brother is watching over you

Article Abstract:

The Australian Securities and Investments Commission's (ASIC) selects companies for review suspected of trading while insolvent. It further uses a number of sources, which includes information from liquidators, complaints received from accountants and company employees, and by ASIC's accounts surveillance program of listed companies.

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Staring down the barrel

Article Abstract:

Company directors, their accountants are sometimes involved in suspect insolvency actions. The ASIC aims at reminding company directors and officers of their obligations and targets other misconduct by company officers, the misuse of public database and the management of companies by disqualified directors.

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Perpetual emotion

Article Abstract:

Accountancy is a profession founded on logic and measurability and real life does not conform to its theoretical concepts. In real life communication skills are vital and often communication is mere intuition rather than written or verbal. The importance of interpersonal skills is discussed.

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