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PROFESSION

By Miranda Brownlee

Australia's tax profession 'confronting a structural crisis', warns The Tax Institute

The supply of new entrants to the accounting profession is contracting. At the same time, demand for tax professionals continues to rise off the back of increasing regulatory complexity, according to a research report.

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Inoculate KPMG, auditors against ethical blindness, academic says

PROFESSION • Malavika Santhebennur

A governance adviser has urged the PJC to consider how to inoculate KPMG and all other auditors, accountants, regulators, company directors, economists, and the public against ethical blindness.

Moore Australia appoints former big 4 tax advisory director

PROFESSION • Carlos Tse

Moore Australia’s Victoria and Tasmania operation has welcomed a new director to its corporate and international tax team.

KPMG still claims privilege over 74 documents

PROFESSION • Malavika Santhebennur

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.

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.

Incremental adjustments 'insufficient' to safeguard public trust in audit, academics warn

PROFESSION • Miranda Brownlee

The mandatory structural separation of audit and consulting functions is the “only viable remedy” for the systemic failures within the big four professional services firms, according to a group of prominent university professors.

Tags: News, war, audit, academic

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.