There was a significant error in the 2023 financial report and ASIC has found out. The directors are worried as, for the last few years, they have been replying on Kiera to meet with the auditors and ensure the report is accurate. As a result, none of them read the 2023 report in detail. ASIC is threatening to take legal action against the directors in relation to the error. What arguments can ASIC make? Are there any arguments the directors can make? (response with with reference to the Corporations Act 2001 Cth)