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    Opinion

    Peter Wells

    Failing corporate reporting system needs complete overhaul

    Not only is Australia lagging the world, its corporate reporting system is failing in its core purpose of providing useful information to investors and others.

    Peter WellsAccounting Expert

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    The corporate reporting regime in Australia is failing its core purpose of providing useful information to investors, and users more generally.

    A complete overhaul of the system is needed. This should be undertaken by a body that can critically evaluate the demand for information about corporations and ensure this is supplied efficiently and not weakened by interest groups.

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