By Malavika Santhebennur
CA ANZ calls for ‘firm-level’ ASIC jurisdiction on audit firmsCA ANZ has urged the government to license firms and give ASIC clear jurisdiction over the firms whose “audits matter most to the public interest”, calling this the central reform.
Tags: governance, firm, Big Four, ca anz, ASIC, whistleblower, audit, big 4, submission, audit reform, audit regulation
PROFESSION • Miranda Brownlee
The firm says the newly created role reflects its commitment to accelerating its next phase of growth.
PROFESSION • Miranda Brownlee
The amending regulations for the Tax Practitioner Board sanctions reforms fail to recognise the high threshold that was intended to apply to the interim suspension powers, the professional body has warned.
Tags: News
PROFESSION • Malavika Santhebennur
A health, beauty, and wellness company has been found liable for breaching continuous disclosure laws and misleading investors.
Tags: tax, Federal Court, ASIC, company, profits, law, court, disclosure
PROFESSION • Carlos Tse
The firm stresses that audit regulation must be a key focus in Treasury’s new regulatory frameworks for firm regulation, highlighting inconsistencies in regulation across firm structures.
Tags: News, regulation, BDO, AI, firm, audit, 344, 381, 185, options paper, 510, 340, audit regulation
PROFESSION • Malavika Santhebennur and Carlos Tse
Expelled former KPMG partner Eileen Hoggett took the mic at the latest KPMG hearing to reflect on her removal from the partnership and her recollection of storing confidential documents found in her locker.
Tags: News, partner, KPMG, Parliamentary Committee, 352, partnership
PROFESSION • Malavika Santhebennur, Naomi Neilson and Carlos Tse
Former 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