CA ANZ calls for ‘firm-level’ ASIC jurisdiction on audit firms

Profession • By Malavika Santhebennur

CA ANZ has urged the government to license firms and give ASIC clear jurisdiction over the firms whose “audits matter ...

Tags: governance, firm, Big Four, ca anz, ASIC, whistleblower, audit, big 4, submission, audit reform, audit regulation

Federal Court finds beauty company breached continuous disclosure laws

Profession • By Malavika Santhebennur

A health, beauty, and wellness company has been found liable for breaching continuous disclosure laws and misleading ...

Tags: tax, Federal Court, ASIC, company, profits, law, court, disclosure

Audit teams’ AI use common but most lack strategy

Profession • By Malavika Santhebennur

New research by Gartner has shown that the majority of audit leaders report using AI to some degree, but only a small ...

Tags: Strategy, Artificial Intelligence, AI, auditing, audit

Settlement payment to tax division whistleblower 'had no impact on investigations', says KPMG

Profession • By Malavika Santhebennur

The big four firm has confirmed that a settlement was reached with a whistleblower who alleged wrongdoing within the ...

Tags: tax, law firm, report, AI, KPMG, whistleblower, Parliamentary Committee, investigation

Recruitment firm fined for financial reporting failures

Profession • By Malavika Santhebennur

ASIC’s crackdown on financial reporting misconduct has continued, with a recruitment firm the latest to face penalties ...

Tags: Recruitment, report, AI, firm, ASIC, audit, financial reporting, financial report, lodgment, reporting

Liquidator publicly reprimanded for failing to do his duties

Profession • By Malavika Santhebennur

A registered liquidator has been publicly reprimanded for failing to adequately carry out his duties.

Tags: ato, AI, ASIC, liquidator, court, administation, voluntary administration

Logistics group cops $600k fine for failing to lodge financial reports

Profession • By Malavika Santhebennur

ASIC has issued infringement notices to three companies within a logistics operator and flagged that it should serve as ...

Tags: News, report, AI, ASIC, Corporations Act, financial reporting, enforcement, financial report, infringement notice, 600

Finalists revealed for first-ever Momentum Media Australian AI Awards 2024

Technology • By Malavika Santhebennur

Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural ...

Tags: News

Industry should represent the communities it serves: Mortgage Choice

Profession • By Malavika Santhebennur

The principal partner of this year’s Women in Finance Summit has said organisations that practise inclusivity are more ...

Tags: Need to know