Australia, Aug. 19 -- New South Wales Land and Environment Court issued text of the following judgement on July 18:
1. The plaintiff is a sports and community club that has around 13,000 members and employs around 90 staff. Its annual revenue for the year that ended on 30 June 2024 was around $12.5m. It is an Australian public company and, as such, is subject to various requirements in the Corporations Act 2001 (Cth) concerning the appointment of an auditor and the auditing of the company's financial reports.
2. For the financial year commencing in 2016 and through to March 2025, the plaintiff had a qualified auditor who conducted audits of its annual financial reports. However, it came to the attention of the plaintiff (in the sense that...