Past Event: Tuesday, July 12, 2022

In Focus: Uncovering ASIC’s focus areas

As you prepare your financial statements for the 30 June 2022 period, it’s important to consider ASIC’s focus areas for this reporting period.

In a time of significant uncertainty and economic turmoil, different industries – and entities – will be impacted to a greater or lesser extent. ASIC has already expressed its expectations that users of financial statements will receive fulsome information regarding these impacts.

In this context, coupled with an expected ‘return to normal’ for surveillance and an increase in enforcement activity by regulators, this webinar will cover ASIC’s areas of focus. These include asset values, provisions, solvency and going concern assessments. You’ll also hear about the key considerations when preparing disclosure of these issues, the role directors play in financial reporting, their responsibility around the information presented, and the penalties they are liable for when financial reporting goes wrong.

Featured speakers

Owen Carew

As a technical accounting expert, Owen is passionate about breaking down the complexity of the Australian Accounting Standards in support of Grant Thornton’s clients.

Merilyn Gwan
Partner & Head of National Assurance Quality

Merilyn is the Assurance Principal in the National Audit Support group within Grant Thornton.

In Focus webinars on-demand

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