Phoenix-busters

Article Abstract:

Australian Parliamentary Joint Committee has put forth its recommendations to control the fraudulent activities by directors of fly-by-night companies. The reactions of Liquidators, unions, Australian Taxation Office, Australian Institute of Company Directors, Australian Chamber of Commerce and Industry and Insolvency Practitioners Association of Australia to the recommendations are discussed. The lack of necessary measures from Austaralian Securities & Investment Commission are also discussed.

Public affairs, Police Protection, Fraud, Ethics, Corporate directors, Ethical aspects, Control, Legislative committees

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Share options trap

Article Abstract:

The International Accounting Standards Board has issued new standards known as International Financial Reporting Standard (IFRS) 2. The method of valuing the expense is changed from the unit of service method to the modified grant date.

Accounting Methods, Capital funds & cash flow, Accounting and auditing, Accounting, International Accounting Standards Board

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A pound of prevention

Article Abstract:

Gregory Pound, the chief accpountant for the Australian Securities & Investments Commission says he plans on getting to the base of corporate misbehavior.

Risk assessment, Cases, Australia. Securities and Investments Commission, Pound, Gregory

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