By Matthew Taylor
KPMG reviews operating model amid audit misconduct scandalThe big four firm says final decisions regarding potential cuts to roles are yet to be made as the firm reviews its broader operating model.
Tags: News, governance, KPMG, Leadership, whistleblower, audit, misconduct, FY27, taxation
PROFESSION • Matthew Taylor
The association has called for whistleblower protections for individuals and entities who disclose information to professional bodies, along with other changes.
Tags: News, AML/CTF, KPMG, whistleblower, financial advice, inquiry
PROFESSION • Matthew Taylor
Accounting firms are increasingly shifting their focus from traditional compliance roles to advisory services, such as strategic guidance and analytics, to cultivate deeper relationships with their clients, according to a NAB report.
Tags: News, tax, NAB, report, firm, advisory, accounting, professional development
PROFESSION • David Hollingworth
Infamous cyber extortion group ShinyHunters has given the professional services giant until the end of the month to pay up or face a data leak.
Tags: News, Cyber Daily, cyber security, AI, claim, EY
PROFESSION • Carlos Tse
The Supreme Court of ACT has dismissed a massage parlour owner’s proceedings against a solicitor, administrators, and an insolvency practitioner who assisted him with putting his debt-ridden business under voluntary administration.
Tags: News, ato, tax, ACT Supreme Court, fte, 179, 523, debts, voluntary administration
PROFESSION • Matthew Taylor
The corporate regulator has pursued administrative action against 36 approved SMSF auditors between January and June this year, increasing the total actions against SMSF auditors to 64 for FY26.
PROFESSION • Miranda Brownlee
KPMG’s chief executive has apologised for the firm’s “serious breach of trust” after an Allens investigation confirmed allegations that client information was inappropriately retained in a locker by former chief operating officer Eileen Hoggett.
Tags: News, ato, KPMG, allegations, whistleblower
PROFESSION • Carlos Tse
In line with the Commonwealth of Australia’s independent review into KPMG, the big four firm has agreed not to bid for new work with the Victorian government and to withdraw from most of its current tender processes.
Tags: News, government, KPMG, 352, contract, 177, government contracts, 605, 610, victorian government
PROFESSION • Matthew Taylor
Minister for Financial Services Daniel Mulino has said the review of whistleblower legislation will aim to simplify arrangements for whistleblowers and address gaps in legal protections.
Tags: News, government, legislation, financial services, AI, KPMG, treasury, whistleblower, company, complexity
PROFESSION • Matthew Taylor
Business management consultancy KordaMentha has established a specialist tax controversy and disputes team to enhance its independent advisory capabilities and assist businesses navigating complex ATO reviews, investigations, and litigation.
Tags: News, ato, tax, appointments, litigation, advisory, dispute, investigation, consultation
PROFESSION • Miranda Brownlee
The corporate regulator has said it will undertake enforcement action against any auditor who fails to uphold professional and ethical standards in a letter recently issued to all company auditors.
Tags: war, ASIC, audit, misconduct, company