Industry News
AVP Valuers offer regular commentary and insight into issues affecting asset valuations for our clients and other stakeholders.
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Auditors cast doubt on asset values of companies
ONE in four financial statements lodged by Australian listed companies were flagged by auditors in the past year, as the global financial crisis cast doubt on asset values and the ability of companies to refinance debt.
Read more »Company Directors face new pressures
Several recent cases run by the Australian Securities & Investments Commission have also brought greater public scrutiny over the roles of company directors and their responsibilities to shareholders.
Read more »Company Directors face new pressures
Several recent cases run by the Australian Securities & Investments Commission have also brought greater public scrutiny over the roles of company directors and their responsibilities to shareholders.
These cases have also highlighted the potential liabilities directors face if their duties are not fulfilled adequately. One key duty is to keep the market fully informed of a company’s financial position and – with asset values falling in some sectors of the market – company directors face renewed pressure to ensure their company’s statements of financial position do not mislead shareholders or the general public.
