IFRS is principled based and openly acknowledges users have to apply judgement in applying standards. They wouldn't look to move to a prescriptive approach (more akin to US). The company applies their judgment and auditors theirs. If they disagree on something material you'll get a qualification - I can't see there being a legal remedy for that. I also can't see a lawyer being an expert in accounting standards and their interpretation and if a court case relied on accounting standard interpretation I would expect a lawyer to call an expert witness which would probably end up with a large firm....That's why I find getting a legal opinion very odd. Also unusual that the laundry gets aired.
DYOR opinions only
Counsel's opinion, page-14
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PNC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
63.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.69M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8333 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 15000 | 1 |
View Market Depth
| Last trade - 09.55am 18/11/2024 (20 minute delay) ? |
| PNC (ASX) Chart |
Day chart unavailable
