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PROFESSION

By Malavika Santhebennur

KPMG to lose another auditor contract amid scandal

The accounting giant’s woes have continued, with Crown Resorts dumping it as auditor and seeking a replacement.

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Directors who harmed First Nations people cop heavy fines for breaching duties

PROFESSION • Malavika Santhebennur

Executives of a First Nations funeral insurance provider have been disqualified and ordered to pay almost $100,000 in fines for breaching their duties as directors.

AML/CTF enforcement letters signal a more proactive AUSTRAC

PROFESSION • Carlos Tse

One AML/CTF expert has said that new letters from AUSTRAC signal that it is becoming more inquisitive and potentially collecting data for its regime.

KPMG Australia employees hop over to Deloitte

PROFESSION • Malavika Santhebennur

It seems that one accounting giant’s loss is a rival’s gain, with reports revealing that KPMG Australia’s restructuring team has joined Deloitte.

RSM Australia appoints new R&D tax partner

PROFESSION • Malavika Santhebennur

The mid-tier accounting firm has appointed a former KPMG partner as a new partner to its research and development tax division in Sydney.

Academics slam SMBs’ discretionary trust as ‘totally tax-driven’

PROFESSION • Carlos Tse

Tax-driven, unnecessarily expensive, and unfair is how academics categorised discretionary trusts to the Senate when they fronted the committee on Friday.

Australia’s corporate tax ranking ‘the warning light’

PROFESSION • Malavika Santhebennur

RSM has sounded the alarm on the country’s low ranking for international corporate tax competitiveness and warned that the trust tax reform would only worsen Australia’s competitive position in the world.

KPMG Australia CEO appoints Eileen Hoggett’s replacement

PROFESSION • Malavika Santhebennur

John Sams has appointed a new COO and CFO to replace Eileen Hoggett and himself in those roles, even as the firm is set to cut up to 400 more roles.

After Uber, where the Tax Office may look next: Your client’s website

PROFESSION • David Dahm

Following the High Court’s Uber decision, accountants need to look beyond service agreements and examine their healthcare clients’ websites, front counters and payroll arrangements before signing off on their tax returns, writes David Dahm.

BDO Australia pulls former KPMG Australia partner out of retirement, appoints new national government leader

PROFESSION • Carlos Tse

The mid-tier firm has welcomed a new government and public sector national leader and consulting team partner to its ranks.

Treasury reports progress towards 2030 net zero target

PROFESSION • Carlos Tse

The federal government has released its climate reporting results as large entities continue work towards mandatory climate reporting requirements, revealing a nearly 30 per cent decrease in climate impact.