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Senator airs alleged KPMG tender integrity failures, independence breaches

Emma Partis | 1 minute read

Deborah O’Neill has raised “serious concerns” about alleged misconduct at KPMG, including breaches of independence and the misuse of confidential information, following a whistleblower tip-off.

If Australia rations fuel, will accountants have to WFH again?
Ethics more important in the age of AI, CPA says

As CPA Australia celebrated its 140th anniversary at a gala dinner in Sydney in March, the accounting body has emphasised the continuing need for trusted, accountable professionals.

Global volatility having mixed impacts on Australia’s M&A market

Australian companies and not for profits are turning to M&A deals to secure their futures amid an increasingly volatile economic environment, surveys have indicated.

Using AI to automate transactional work, redesign roles
Clayton Utz welcomes former ATO litigator to Sydney team

Law firm Clayton Utz has welcomed former senior ATO litigator Rimma Miller to its Sydney office in a move to bolster the firm’s tax practice.

War-driven ‘supernormal’ gas profits must be taxed more, crossbench says

Crossbench senators have doubled down on their calls for a new tax on windfall gas profits as conflict in the Middle East threatens Australia’s energy security.

Business insolvencies stabilising after post-pandemic spike, says RBA

Insolvency rates for businesses overall have returned to long-run averages but remain elevated in certain industries, according to a report by the central bank.

Parliamentary inquiry raises concerns about rise of private equity in accounting

Senators have questioned the professional bodies about whether increased private equity ownership of accounting firms is creating a conflict with accountants' ethical obligations.

Business sector remains 'financially resilient' despite increased pressures: RBA

Cost pressures are expected to increase for some businesses over the period ahead but many businesses remain well placed to manage these, the latest Financial Stability Review has found. ...

ASIC flags lodgment of financial reports as new focus area

The corporate regulator is paying greater attention to companies that fail to lodge financial reports, and is currently seeing widespread non-compliance in this area.

APESB welcomes new board chair

To front the board after Nancy Milne’s tenure concludes in March, former senior judge of the Supreme Court of NSW, the Honourable Peter Garling RFD, SC, has been appointed as chair.