The Centro decision and the approval of financial statements

Allens Arthur Robinson

In brief: This week’s Federal Court decision in relation to ASIC’s case against Centro’s directors demonstrates how demanding a director’s duties in approving financial statements are. In order to meet those demands, Boards may seek to change the ways in which financial information is presented to them and how they review it. Partners Matthew McLennan (view CV), John Morgan (view CV) and Jeremy Low (view CV) and Senior Associate Simon Lewis report.

Reproduced with permission of Allens Arthur Robinson and in accordance with their terms of use.

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