The benchmark is met if the entity's financial models are checked by an independent party before any new material transactions are entered into and at least once every three years. (moneysmart.gov.au)
Companies should also publicly announce material transactions and provide sufficient information to give other shareholders and creditors the opportunity to assess the fairness of the transaction. (lawyer-monthly.com)
Is the entity's «base - case» financial model checked before any new material transactions are entered into and at least once every three years? (moneysmart.gov.au)