Is there anything correct at AMP? One big consideration. If AMP ran a report for each of the past 7 years ie on 30 June and they then compared with the report produced previously for that year, will it balance. This includes the commission statements, management fees and client reports or maybe they are out. Not just produce the report from the batch but run the full calculation for the year. Interesting that the auditors have continued to sign off and keep giving at ASIC and APRA a clean bill of health. Is not one of the requirements of the auditors not just check the financials but the controls, processes,and main functions? Maybe it just slipped through or forgotten over the past 10 years.
This sounds awfully familiar with an Enron ignorance
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