A Comparative Review of the First Two Years of ASX Corporate Governance Recommendation 4.3 Disclosures by Australian Large Listed Entities: Mechanisms to Enhance the Integrity of Corporate Reporting
Version 2 2025-01-29, 04:35
Version 1 2024-12-05, 04:01
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posted on 2025-01-29, 04:35 authored by Pei Jia LumPei Jia Lum, Eka TanEka Tan, peter Carey, Roger SimnettRoger Simnett, Michael BrayA Comparative Review of the First Two Years of ASX Corporate Governance Recommendation 4.3 Disclosures by Australian Large Listed Entities: Mechanisms to Enhance the Integrity of Corporate Reporting
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1-47ISBN-13
9780730002703Language
engResearch statement
Background The integrity of corporate reporting underpins investor confidence and efficient capital markets. ASX Recommendation 4.3 promotes integrity in unaudited reports like sustainability and quarterly reports, aligning with global trends such as the ISSB. This research analyzes disclosures by ASX300 entities in the first two years, focusing on verification mechanisms, communication effectiveness, and size-related practices. It highlights adoption gaps and improvement opportunities, offering valuable insights for regulators, investors, and companies to boost transparency and trust in corporate reporting. Contribution This research critically assesses ASX Recommendation 4.3 disclosures by ASX300 companies, offering empirical evidence on verification mechanisms like internal controls, board review, and external assurance. It identifies size-related disparities, noting smaller companies face greater challenges. Key gaps include inadequate identification of covered reports, limited board involvement, and low external assurance levels. Practical recommendations target report preparers, the ASX, and accounting bodies to improve clarity, governance, and monitoring. Addressing these gaps enhances corporate reporting integrity in Australia and offers insights for global contexts. Significance This research on ASX Corporate Governance Recommendation 4.3 has significant implications for corporate reporting in Australia and globally. It supports investor confidence by enhancing transparency and trust in unaudited reports and strengthens governance with recommendations for robust controls, board oversight, and external assurance. It aids regulatory efforts by informing ASX updates and improves reporting practices with practical guidance for companies. Conducted by the respected Deakin Integrated Reporting Centre (DIRC), the research aligns with global ESG trends, fostering integrity and accountability, and contributing to a more trustworthy global rePublication classification
A6 Research report/technical paperPublisher
Deakin UniversityPlace of publication
Geelong, Vic.Usage metrics
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