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MOMENTUM MEDIA
By Malavika Santhebennur, Naomi Neilson and Carlos Tse
KPMG instructed to disclose any payments made to staff who raised wrongdoingFormer KPMG partners have been grilled during a parliamentary hearing, where they were ordered to disclose any payments made to whistleblowers over the past decade.
Tags: tax, AI, KPMG, payments, audit, misconduct, whisleblower
PROFESSION • Malavika Santhebennur
New research by Gartner has shown that the majority of audit leaders report using AI to some degree, but only a small proportion have implemented an AI strategy.
Tags: Strategy, Artificial Intelligence, AI, auditing, audit
PROFESSION • Malavika Santhebennur
The big four firm has confirmed that a settlement was reached with a whistleblower who alleged wrongdoing within the firm's tax division three decades ago but asserts the payment had no impact on investigations into the matter.
Tags: tax, law firm, report, AI, KPMG, whistleblower, Parliamentary Committee, investigation
PROFESSION • Malavika Santhebennur
ASIC’s crackdown on financial reporting misconduct has continued, with a recruitment firm the latest to face penalties for failing to meet its obligations.
Tags: Recruitment, report, AI, firm, ASIC, audit, financial reporting, financial report, lodgment, reporting
PROFESSION • Malavika Santhebennur
A registered liquidator has been publicly reprimanded for failing to adequately carry out his duties.
Tags: ato, AI, ASIC, liquidator, court, administation, voluntary administration
PROFESSION • Carlos Tse
CPA Australia has urged the government to close the gap on audit firm regulation and reduce the reform’s impact on costs and administrative burden.
Tags: News, regulation, CPA Australia, auditing, audit, options paper
PROFESSION • Carlos Tse
One corporate reporting expert has revealed that auditors struggle to achieve completeness in their emissions reporting because they lack a centralised system to draw their data from.
Tags: News, discover, report, 319, reporting, 170, 640, emissions reporting, scope 3, general ledgers
PROFESSION • Carlos Tse
Out of 11 grounds of appeal, three taxpayers have succeeded in setting aside a single ground against the Commissioner of Taxation on an error of law by the Administrative Review Tribunal.
PROFESSION • Carlos Tse
The firm was "not considered" to have breached its code of conduct and values, according to legal documents that reveal the firm was advised it would not be required to take any further action regarding the whistleblowers’ allegations.
PROFESSION • Amelia McNamara
The scandal-plagued accounting firm has seen another two top officials depart days before the next scheduled public hearing into allegations of misconduct and whistleblower mismanagement.
PROFESSION • Malavika Santhebennur
ASIC has issued infringement notices to three companies within a logistics operator and flagged that it should serve as a warning to other companies about lodging financial reports on time.
