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PROFESSION

By Malavika Santhebennur

KPMG still claims privilege over 74 documents

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 to ASIC.

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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.

Top auditors, accountants shortlisted at 10th Women in Finance Awards

PROFESSION • Malavika Santhebennur

Several accountants, auditors, bookkeepers, and others in the profession have been named as finalists for the coveted Women in Finance Awards, now in its 10th year.

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 firm off its guest list.

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.

GST treatment errors identified among Top 1,000

PROFESSION • Malavika Santhebennur

The ATO has reported that it continues to see errors in the GST treatment of supplies by the Top 1,000 as part of its review.

Tags: News, ato, Business, gst, 472

Where most employer associations and unions went wrong in their financial reporting

PROFESSION • Carlos Tse

Fair Work Commission data has revealed that financial reports from just over two in three registered employer associations, unions, and enterprise unions were assessed as compliant, highlighting the most common errors.

Top 100 public groups show strong assurance results

PROFESSION • Malavika Santhebennur

Tax Office data has revealed high levels of assurance across large and public multinational businesses.

Capping accounting partners weakens audit quality: EY Australia

PROFESSION • Malavika Santhebennur

The accounting giant has refused to back limits on partner numbers at accounting firms and has said this would not address governance concerns at large partnership firms.

AI, geopolitical uncertainty overwhelming risk management practices

PROFESSION • Miranda Brownlee

Almost two-thirds of audit leaders are finding it harder to identify potential risks before they have a material impact on the organisation, according to Gartner.

Draft laws unveiled for EV FBT changes

PROFESSION • Malavika Santhebennur

The government’s draft legislation outlines how the FBT exemption for EVs will be trimmed in three phases from 2027 to 2029.