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News

By Carlos Tse

Auditor’s attempt to shirk responsibility as engagement partner doesn’t hold up in court

The Federal Court of Australia has quashed an auditor’s appeal against the cancellation of his registration, on the basis that his responsibilities as sole engagement partner exceeded those of...

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Widespread fear of retaliation for speaking up at KPMG

PROFESSION • Malavika Santhebennur

A damning new report has revealed widespread perception among the accounting firm’s employees that challenging leadership and raising concerns could carry severe but subtle costs.

CPA Australia welcomes new members to its latest board

PROFESSION • Carlos Tse

The accounting body has welcomed a new president in an announcement unveiling its latest 10-member board.

Unremitted PAYG withholding worth nearly $1m leads to 4 DPNs for one director

PROFESSION • Carlos Tse

A director has failed in his claim that DPNs valued at almost $1 million issued to him by the Commissioner of Taxation were defective or invalid.

No need for arbitrary R&D tax incentive restrictions

PROFESSION • Malavika Santhebennur

Reforms to the R&D tax incentive should not be offset by measures that “arbitrarily restrict” access to the scheme, one industry body has argued.

First-year reporting is only the beginning: Businesses are expected to improve their disclosures over time

PROFESSION • Carlos Tse

While many larger businesses have prepared voluntary sustainability reports for years, mandatory reporting under AASB S2 Climate-related Disclosures has required a different approach to be taken...

Taxpayer’s legal privilege waived in his rejection of Australian taxpayer status

PROFESSION • Carlos Tse

A taxpayer has had his legal professional privilege claim reduced and has been ordered to resubmit an expert report to support his claim that he is not a resident of Australia for tax purposes after...

Macquarie gives Hinchliffe clean chit after KPMG meetings

PROFESSION • Malavika Santhebennur

Following a review of its 2025 audit tender process with KPMG, Macquarie has cleared two non-executive directors of breaching their duties, including Michelle Hinchliffe, who admitted to having...

Evidentiary DPN defence concerns: ATO needs to make leeway for individual circumstances

PROFESSION • Carlos Tse

Not all directors are appointed willingly or with a complete understanding of the company, their responsibilities, or the implications of the role, with one accounting body opposing a blanket...

Tags: News, ato, 178, director, dpn, 779

Clarity urged on EV FBT transitional arrangements proposal

PROFESSION • Malavika Santhebennur

A tax practitioners’ body has flagged concerns with the scope and clarity of the proposed transitional arrangements in the phased changes to the FBT electric car exemption bill.

Commercial Finance Awards spotlight accounting finalists

PROFESSION • Staff Reporter

Accounting Times is proud to reveal the stellar set of accounting practices and professionals who have been named as finalists for the third annual Commercial Finance Awards.

CA ANZ gives KPMG its tick of approval in recent practice review

PROFESSION • Miranda Brownlee

The review by the professional body found no deficiencies within KPMG’s systems and processes despite the firm currently being investigated in relation to allegations of serious misconduct.

Tags: News, KPMG, ca anz, review