An appropriately funded regulator for financial reporting and audit could strengthen the focus on financial reporting and audit quality, according to former ASIC chief accountant Doug Niven.
In a personal response to questions on notice published by the parliamentary joint committee on corporations and financial services, Niven lays out the ingredients for a separate regulator.
Niven is currently the chair of the Auditing and Assurance Standards Board, but his response to committee chair Deborah O’Neill is “provided in a personal capacity as a former employee of ASIC”.
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