Business
27 ASX companies just got an unwanted knock on the door – The Motley Fool Australia
Four ASX listed businesses had $60 million of profit wiped after they were forced to amend their 30 June 2020 financial reports.
The corporate regulator has revealed it’s had to make enquiries with 27 ASX listed companies about their 2020 financial reports.
The Australian Securities and Investments Commission (ASIC) announced Thursday that it had reviewed financial reports for the year ending 30 June 2020 for 170 listed companies.
This resulted in the regulator contacting 27 companies regarding 58 different matters to demand a ‘please explain’.
Issues around disclosures about the effect of COVID-19 dominated this year’s enquiries.
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