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By Accounting Times

Major new diversification event, Finance360, launches

A free event aimed at helping finance professionals diversify their offerings beyond home loans has been launched by Accounting Times’ parent company, Momentum Media.

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Australia's tax profession 'confronting a structural crisis', warns The Tax Institute

PROFESSION • Miranda Brownlee

The supply of new entrants to the accounting profession is contracting. At the same time, demand for tax professionals continues to rise off the back of increasing regulatory complexity, according to...

Inoculate KPMG, auditors against ethical blindness, academic says

PROFESSION • Malavika Santhebennur

A governance adviser has urged the PJC to consider how to inoculate KPMG and all other auditors, accountants, regulators, company directors, economists, and the public against ethical blindness.

Tax partner flags potential tax traps with running businesses at home

TAX • Carlos Tse

Running a business from home can come with added complexities, including claims for the main residence exemption and determining how deductible expenses apply, cautions a tax partner.

Ensure certainty before passing discretionary trust changes: FAAA

TAX • Carlos Tse

To improve the discretionary trust minimum tax framework and give trustees more options, the FAAA has called on the government to amend the draft legislation to address major certainty issues.

Incremental adjustments 'insufficient' to safeguard public trust in audit, academics warn

PROFESSION • Miranda Brownlee

The mandatory structural separation of audit and consulting functions is the “only viable remedy” for the systemic failures within the big four professional services firms, according to a group...

Tags: News, war, audit, academic

Moore Australia appoints former big 4 tax advisory director

PROFESSION • Carlos Tse

Moore Australia’s Victoria and Tasmania operation has welcomed a new director to its corporate and international tax team.

KPMG still claims privilege over 74 documents

PROFESSION • Malavika Santhebennur

ASIC has confirmed that the embattled accounting firm has continued to claim legal professional privilege over more than 70 documents and has failed to produce them.

ASIC remakes ‘qualified accountant’ instrument

PROFESSION • Malavika Santhebennur

The corporate regulator has remade a legislative instrument on qualified accountants after its consultation received only two submissions.

ASIC review reveals increased quality in sustainability reporting

COMPLIANCE • Carlos Tse

Sustainability reporting by corporate entities has improved, with ASIC saying that disclosure reporting has become clearer than when these disclosures were voluntary.

IAG, KPMG’s $11.6m partnership ends after tenure consideration

PROFESSION • Carlos Tse

After engaging KPMG as its auditor since its ASX listing in 2000, the board of Insurance Australia Group plans to run its external audit tender process in FY27 to address audit tenure, leaving the...

Grant Thornton Australia welcomes new NFP national leader

PROFESSION • Carlos Tse

The mid-tier firm has appointed its audit and assurance partner of nearly 20 years as its national head of not-for-profit.