KPMG Australia CEO said speak-up culture ‘not a uniform experience’

Profession • By Carlos Tse

While the head of KPMG Australia said that he witnessed speak-up culture at the firm since he worked at a junior level, ...

Tags: News, AI, Australia, KPMG, Parliamentary Committee, 344, 348, 352, culture, speak up

Audit regulation disproportionate, multidisciplinary firms must remain, BDO says

Profession • By Carlos Tse

The firm stresses that audit regulation must be a key focus in Treasury’s new regulatory frameworks for firm ...

Tags: News, regulation, BDO, AI, firm, audit, 344, 381, 185, options paper, 510, 340, audit regulation

Audit regulation must target conduct, not audit quality, audit expert says

Profession • By Carlos Tse

CPA Australia has urged the government to close the gap on audit firm regulation and reduce the reform’s impact on ...

Tags: News, regulation, CPA Australia, auditing, audit, options paper

Taxpayers win 1 of 11 appeal grounds for contractual relationship claim

Profession • By Carlos Tse

Out of 11 grounds of appeal, three taxpayers have succeeded in setting aside a single ground against the Commissioner ...

Tags: News, tax, AI, taxpayer, appeal, 344, 179, contract, claim, 475, 582, commissioner of taxation, 605, 624, federal court of australia, administrative review tribunal

Expert discovers scope 3 reporting ‘completeness’, efficiency hack

Profession • By Carlos Tse

One corporate reporting expert has revealed that auditors struggle to achieve completeness in their emissions reporting ...

Tags: News, discover, report, 319, reporting, 170, 640, emissions reporting, scope 3, general ledgers

KPMG legally advised that ‘no further action was needed’

Profession • By Carlos Tse

The firm was "not considered" to have breached its code of conduct and values, according to legal documents that reveal ...

Tags: News, legal, KPMG, whistleblower, 352, 206, documents

Grant Thornton Australia says $1bn buyout to feed burgeoning growth strategy

Profession • By Carlos Tse

Following its confirmation that it will be joining Grant Thornton’s global multinational platform, the domestic ...

Tags: News, Strategy, Australia, grant thornton, growth, 100, 364, 348, 515, buyout, acquisition

Repeal of some tranche 1 provisions induces head-scratching

Tax • By Carlos Tse

Following the second tranche of CGT and negative gearing provisions, one tax expert has stressed that small businesses ...

Tags: News, CGT, tranche 2, foreign resident

Director ordered to pay $2m after ‘bare denial’ does not stand against insolvency presumption

Profession • By Carlos Tse

After a company failed to keep financial records, pay its debts, and overstated its financial position before it went ...

Tags: News, insolvency, AI, fte, director, supreme court of victoria