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PROFESSION

By David Hollingworth

Cyber extortion group claims EY US hack

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.

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SME owner loses case after $500k renovation, underpaying workers to pay tax debt

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.

ASIC intensifies enforcement against SMSF audits

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.

KPMG discloses new evidence to regulators regarding whistleblower allegations

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.

Continuity critical for corporate accountants moving forward

PROFESSION • Jerome Doraisamy

Here, an award-winning corporate accountant reflects on best practice for finance teams in FY27 and beyond, and what such practitioners can learn from his experience in, and observations of, the healthcare sector.

‘A serious matter’: KPMG agrees to withdraw from Victorian government contracts

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.

Whistleblower process 'fraught with complexity and uncertainty' says Mulino

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.

KordaMentha launches specialist tax controversy and disputes team

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.

ASIC issues warning to company auditors as part of misconduct crackdown

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.

'Toxic culture': KPMG whistleblower airs major grievances with KPMG audit division

PROFESSION • Miranda Brownlee

The whistleblower who reported the audit misconduct at KPMG has exposed the bullying, poor culture, and working conditions that allegedly existed within KPMG's audit division in a series of emails.

Moore Global promotes COO to CEO

PROFESSION • Carlos Tse

Global accounting and advisory network Moore Global has appointed a new leader to its helm as the network enters its “next phase of growth and international development”.