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?

pages 97-104 of thishttps://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/ethics/cg-vol-4.pdf