Webb-site founder David Webb spoke in a panel session at the IFRS event in HK:
"Improving the usefulness and clarity of financial disclosures: the investor's perspective".
His slides can be found here.
(FVTPL: financial instruments classified as financial assets or financial liabilities at Fair Value Through Profit or Loss)
His last remark is also very true in the Malaysian context:
"Fraud will only reduce if the incentives and deterrents are rebalanced".