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440 listed entities to be reviewed

THE Australian Securities and Investments Commission has announced that it will be reviewing the financial records of 440 listed entities for their compliance with accounting standards.

ASIC chief accountant Greg Pound said the commission was committed to regular and comprehensive surveillance of financial reporting.

The companies will be selected by a combination of random sample and risk-based selection, including those who receive a qualified audit report for non-compliance with an accounting standard.

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