Hih insurance group background note hih applied to the courts to be placed into provisional liquidation the ensuing investigation revealed that hih had an estimated deficit of assets rounding hih’s collapse1 the performance of apra and also of hih’s auditors (ar. The hih collapse: a catalyst for costly reform abstract this paper examines the corporate governance and audit law reforms wrought in the wake of recent corporate.
Hih insurance was australia's second largest insurance company it was placed into provisional liquidation on 15 march 2001 the demise of hih is considered to be the largest corporate collapse in australia's history, with liquidators estimating that hih's losses totalled up to $53 billion investigations into the cause of the collapse have led to conviction and imprisonment of a handful of.
Collapse of hih insurance key findings the collapse of hih insurance (hih) in early 2001 will significantly affect nsw government finances: ♦ a $600 million liability (estimated) has been included in the 2001-02 nsw budget a royal commission into the causes of the collapse will report next year the liquidator of hih has the.
1 introduction on march 15 march 2001 australia’s second largest insurer, hih collapsed with debts in excess of a$5billion this report intends to discuss some of hih’s business objectives and creative accounting practices that may have attributed to the collapse of the company. This report provides an analysis of auditing issues arising from the collapse of hih insurance among factors that have gave rise to the corporate failure of hih insurance, that of the ethics of auditing profession, roles of auditors and effectiveness of audit committee have regarded as particular significance. A brief look into the collapse of hih insurance a brief look into the collapse of hih insurance skip navigation need to report the video sign in to report inappropriate.
A brief look into the collapse of hih insurance a brief look into the collapse of hih insurance skip navigation need to report the video sign in to report inappropriate content. Hih insurance group collapse e-brief: online only issued date 29 november 2001 according to the hih 2000 annual report the company had gross premium revenue of $28 billion, total or by one or all of the inquiries into the hih collapse.