Registered liquidator cancels registration after ASIC flags concerns

Profession • By Malavika Santhebennur

A liquidator who was forced to repay ASIC over $24,000 in 2015 has cancelled his registration following questions ...

Tags: ato, ASIC, fte, enforcement undertaking, liquidator

PwC calls audit firm rotation measure ‘interventionist’

Profession • By Malavika Santhebennur

The large accounting firm has rejected a Treasury proposal that would limit how long an audit firm could be appointed ...

Tags: firm, auditing, pwc, audit, submission, misconduct, conflict of interest, audit reform

Acute shortage of audit professionals expected by 2035

Profession • By Malavika Santhebennur

A new report has forecast a looming workforce gap in the accounting profession, particularly among junior external ...

Tags: tax, employment, immigration, research, auditing, ca anz, audit, labour market, accountants

Deloitte opposes partnership limit for accounting firms

Profession • By Malavika Santhebennur

The big four firm has refused to support a proposal to slash the partnership limit for accounting firms, arguing it ...

Tags: regulation, Deloitte, partner, firm, treasury, misconduct, accounting, conflict of interest, audit reform, partnership, audit regulation

‘I smell a rat’: Greens decry KPMG defence deal amid federal contract ban

Profession • By Malavika Santhebennur

The government has been slammed for signing two new defence contracts with KPMG Australia while it has a temporary ...

Tags: Greens, financial services, KPMG, audit, misconduct, contract, ban, government contracts

KPMG hinted at internal investigation to Westpac in 2025

Profession • By Malavika Santhebennur

Westpac has revealed that former KPMG Australia CEO Andrew Yates told its former director, Peter Nash, that KPMG was ...

Tags: KPMG, westpac, whistleblower, audit, misconduct, investigation, conflict of interest

Governance body opposes structural separation of the big 4

Profession • By Malavika Santhebennur

The Governance Institute of Australia has argued that mandating structural separation of audit and non-audit services ...

Tags: governance, Big Four, independent, big 4, conflict of interest, audit reform

Top 5 takeaways from ASIC hearing into KPMG

Profession • By Malavika Santhebennur

From a review of over 550 misconduct complaints to NDA reassurances, here are the main revelations from ASIC’s hearing ...

Tags: KPMG, Big Four, remuneration, auditing, ASIC, Corporations Act, surveillance, misconduct, accounting, redundancy

Audit regulation hasn’t kept pace with conduct of large firms

Profession • By Malavika Santhebennur

A superannuation body has argued that recent scandals at large accounting firms show regulatory oversight is weak at ...

Tags: Superannuation, regulation, governance, KPMG, firm, audit, misconduct, conflict of interest, audit reform, audit regulation