Auditeo sued by ASIC over alleged First Guardian audit failures

The Australian Securities and Investments Commission has initiated legal action in Federal Court against Auditeo Australia, lead auditor Ajm Didarul Islam Khan, and auditor Brian Robert Taylor regarding their handling of audits for the First Guardian Master Fund. The regulator contends that unqualified audit reports issued for First Guardian, a managed investment scheme, and its compliance plan across the 2020–24 financial years were materially misleading and constituted breaches of the C