Under section 311 of the Corporations Act,auditors are required to report to ASIC any actual or suspected contraventions of the Act within 28 days of an event.

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This statement is true. Under section 311 of the Corporations Act, auditors must report any actual or suspected contraventions of the Act to ASIC within 28 days of becoming aware of the event. This reporting requirement helps to ensure that ASIC can take appropriate action to enforce compliance with the Act and protect the interests of investors and other stakeholders.

Under Section 311 of the Corporations Act,auditors Are Required to Report