ASIC is the corporate watchdog in Australia. Why was it criticised for its handling of the investigation into the dealings of CFPL? List three constraints, not mentioned in the case study, which could limit the ability of this regulatory body to properly serve its function?

(7 marks)

Please use this link for Article pages 97-104 to answer: (if this link does not work please search for CORPORATE GOVERNANCE CASE STUDIES by Mak Yuen Teen and then refer to the same number of pages 97-104 to answer the above question) https://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/ethics/cg-vol-4.pdf