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ASIC takes auditors to court after First Guardian collapse
✓ Source-backedPower & Policy

ASIC takes auditors to court after First Guardian collapse

The Australian share market opened higher in trade on Friday, and corporate regulator ASIC announced it's suing auditors linked to the now collapsed First Guardian Master Fund.

Why it mattersThe case tests whether auditors can be held responsible when a major investment fund collapses and investors are left facing losses.

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