iSignthis inflated revenue to get share bonus, court told
ISignthis chairman Tim Hart defended the company’s use of agreements where it recognised revenue collected for external licensees on its own books.
Source: afr.com
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Grant Thornton auditor faces criminal charges over iSignthis audit
ASIC is pursuing Grant Thornton and a partner at the firm over its audit of the controversial 2018 accounts that led to a bonus share issue bonanza for iSignthis executives.
Source: afr.com
iSignthis mounts defence against ASIC lawsuit
iSignthis mounts defence against ASIC lawsuit Save Share Suspended fintech iSignthis is resting part of its defence against the corporate regulatorâs civil action on Treasuryâs allowance for continuous disclosure relief introduced during the COVID-19 downturn. iSignthis boss John Karantzis has filed a defence in the Federal Court against ASIC charges. Â iSignthis and Mr Karantzis argue that three contracts entered into in the three months to June 30, 2018 that totalled $3 million were not material to the share price, even though they helped the business reach a $5 million target,...
Source: afr.com