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Business Audits Need Not Be Onerous – Be Prepared

10/02/2017 by Lavina Webb Australia’s Corporations Act requires companies and other entities to comply with financial reporting and auditing requirements, depending on their size, annual turnover and other attributes. The Australian Securities and Investments Commission (ASIC) is the body responsible for regulating this compliance for those entities subject to the Corporations Act. Why Do Business Need to be Audited? Apart from ASIC requirements, there are other reasons for a company or business to request an external audit. The audit may

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