Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
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Is Alex suggesting less disclosure is a result of member activism?

Are minimum disclosures appropriate for an organisation that is supposed be setting the standard. What disclosures should be happening.
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GenYCPA
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Is Alex suggesting less disclosure is a result of member activism?

Post by GenYCPA » Wed May 31, 2017 2:50 am

http://www.themandarin.com.au/74697-inc ... overnment/

"As shareholders (i.e. Members) are increasingly empowered and emboldened, which is in and of itself a good thing, it begs the question as to whether the regulatory framework and civil law remedies in place are keeping pace with the changes in the operating environment."

"As the system becomes more adversarial it is likely to have the effect of directors seeking to make themselves a smaller target by reducing the level and content of the disclosures they make."
Robert McDowall CPA | Partner | Arabon Accountants

https://www.linkedin.com/in/robert-mcdowall/
Join the conversation on the CPA Members Group on LinkedIn https://www.linkedin.com/groups/103561

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The Nude CPA
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Re: Is Alex suggesting less disclosure is a result of member activism?

Post by The Nude CPA » Wed May 31, 2017 9:35 am

Pretty much.

Also, this comment might come back to bite him on the arse...

"Moreover, ASIC is armed under its own legislation, the ASIC Act, with the power to address misleading and deceptive conduct."

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