'Pony-up' Banksters: Breach of Continuous Disclosure Rules - Comply (ASIC)
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Andy Banking & Finance Consumers Support Association (inc) 05 September 2012
ASIC chairmen, Mr Greg Medcalf said: " companies must disclose bad news immediately. Whilst impairment calculations may be complex, directors can play an important role in questioning the appropriateness of cash flows used & key assumptions ,having regard to KNOWLEDGE of the BUSINESS and the ENVIRONMENT of which it OPERATES. "