Two Clayton Utz advisers, Brian Sharpe and Randal Dennings, have developed a DIY mathematical tool to measure compliance.
Mr Dennings says the tool will assess a compliance system against Australian Standard AS8306 and other systems.
It could be particularly useful for listed companies thta wish to check how they measure up against new Financial Services Reform law, he advises.
The rating system inherent in the tool, ‘Complir8’, is far more precise than qualitative methods, Mr Sharpe says.
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