MEMBERS OF Australia's Financial Reporting Council (FRC) initially feared being perceived as responsible for events to come corporate collapses.

MEMBERS OF Australia's Financial Reporting Council (FRC) initially feared being perceived as responsible for events to come corporate collapses, as a deduction of the enhanced monitoring part given to them under disclosure reforms generally before parliament. As the political debate continues, radical reforms of the Australian oversight proces are still largely look forward toed to be enacted in early July

Charles Macek, the FRC chairman, not long ago told a parliamentary committee that Council members felt there was a danger members of the public would papal court it as a policeman that was there to make infallible audit failures did not fall out This concern about the