All posts tagged "Negligence"
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90Australia & NZASIC to Provide Industry Support on Breach Reporting Compliance
ASIC says it is aware of implementation challenges associated with the new breach reporting regime, and that it will work to help reduce the compliance burden.
August 11, 2022 -
522AML / KYCMalaysia Secures Settlement from KPMG to Resolve 1MDB Claims
The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB's 2010-2012 financial statements.
September 18, 2021 -
405ChinaCSRC Probes Haitong Securities in Financial Reporting Fraud Case
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
September 10, 2021 -
171Australia & NZAustralia Passes Amendments to Continuous Disclosure Laws
Companies can provide forward-looking guidance to the market without the fear of class actions if forecasts are found to be inaccurate.
August 13, 2021 -
293AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
285Australia & NZASIC Seeks Feedback on New Breach Reporting Guidance
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
April 23, 2021 -
567Australia & NZ
Australia Eases Disclosure Rules to Prevent Opportunistic Class Actions
Heightened uncertainty amid the Covid-19 crisis exposes companies to the threat of opportunistic class actions if their earnings forecasts are found to be inaccurate.
May 27, 2020 -
606Australia & NZ
ASIC Mandates Banks’ Further Removal of Unfair Loans Terms
New guidance ensures bank staff are held responsible for conduct and statements outside of formal contracts; removes borrower’s liability in the event of lender misconduct.
March 17, 2018
