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PROFESSION

By Carlos Tse

Macquarie Bank backflips on KPMG’s audit suitability

The Macquarie Bank board has withdrawn its recommendation to engage KPMG as auditor, retaining PwC, after the recently embattled firm failed to meet the bank’s criteria.

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Deloitte to pay US$21.5m to settle DEI probe by Trump administration

PROFESSION • Jerome Doraisamy

The American arm of big four accounting firm Deloitte has agreed to pay US$21.5 million to resolve allegations of employment discrimination.

Treasury considers easing climate reporting requirements

PROFESSION • Malavika Santhebennur

Following pushback from business groups over the compliance burden, Treasury has released a consultation paper on ways to reduce the costs of sustainability reporting.

ATO cracks down on alcohol remission scheme rorts

PROFESSION • Malavika Santhebennur

The Tax Office has said it is expanding its compliance action against businesses that it suspects are rorting the excise remission scheme for alcohol manufacturers.

Turia Pitt to keynote Women in Finance Summit 2026

PROFESSION • Malavika Santhebennur

The Women in Finance Summit is returning in November 2026 with a refreshed focus on deliberate, high-value networking and practical career growth strategies.

ASIC must take stronger action against 'delinquent auditors', says former ACCC chair

PROFESSION • Miranda Brownlee

The corporate regulator must exercise its regulatory powers over auditors with rigour so that failures relating to integrity or quality result in serious consequences, a professor at Monash Business School has said.

Tags: News, AI, chair, ASIC, audit

Government to delay taking action on insolvency reforms

PROFESSION • Miranda Brownlee

The government has said it will hold off on adopting any recommendations from the insolvency inquiry until it has completed its inquiry into business dynamism.

Grant Thornton Australia completes $1bn buyout with global platform

PROFESSION • Carlos Tse

The Australian firm has completed its transaction to join the Grant Thornton Advisors multinational platform, adding to its nearly 20 firms across the Americas, Europe, the Middle East, and the Asia-Pacific region.

1 in 8 cafes, restaurants hang ‘out of business’ sign on doors

PROFESSION • Malavika Santhebennur

Hospitality businesses have closed at nearly twice the national rate in the past year due to mounting operating costs, cost-of-living pressures, and higher wages.

Capital raising transition changing market composition, research finds

PROFESSION • Carlos Tse

According to the latest CA ANZ data, more companies are forgoing ASX listings amid cost and compliance pressures and are considering private capital.

Appointments announced for governing council of External Reporting Australia

PROFESSION • Miranda Brownlee

The Assistant Treasurer has revealed the members of the inaugural governing council for the new regulatory body, External Reporting Australia.