Which organisation should I contact to report a suspected breach of an accounting standard? And how should I contact them?
The Australian Securities and Investments Commission (ASIC) is responsible for the enforcement of the accounting standards issued by the AASB under the Corporations Act 2001. ASIC has the power to issue class orders, or specific orders to a company, to give relief from certain requirements of the Act, including the application of AASB standards, where it is satisfied that the statutory requirements for relief are met. ASIC may refer significant issues that it sees in practice to the AASB for consideration. To file a complaint to ASIC about a company or person, visit the ASIC website.
