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PROFESSION

By Malavika Santhebennur

Registered liquidator cancels registration after ASIC flags concerns

A liquidator who was forced to repay ASIC over $24,000 in 2015 has cancelled his registration following questions over whether he was a fit and proper person to stay registered.

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PwC calls audit firm rotation measure ‘interventionist’

PROFESSION • Malavika Santhebennur

The large accounting firm has rejected a Treasury proposal that would limit how long an audit firm could be appointed as auditor of a reporting entity.

Company fails to prove insolvency, losing $7m claim against Tax Commissioner

PROFESSION • Carlos Tse

One company has failed in its arguments of unfair preference and insolvent transactions to secure $7 million in repayments from the Tax Commissioner, who identified an alleged insolvency as a “mere presence of a liquidity problem”.

BDO Australia appoints former KPMG director as tax partner

PROFESSION • Carlos Tse

The firm has welcomed a former big four director to its international trade and customs team in Sydney.

Acute shortage of audit professionals expected by 2035

PROFESSION • Malavika Santhebennur

A new report has forecast a looming workforce gap in the accounting profession, particularly among junior external auditors.

Deloitte opposes partnership limit for accounting firms

PROFESSION • Malavika Santhebennur

The big four firm has refused to support a proposal to slash the partnership limit for accounting firms, arguing it would have “significant” negative impacts.

‘I smell a rat’: Greens decry KPMG defence deal amid federal contract ban

PROFESSION • Malavika Santhebennur

The government has been slammed for signing two new defence contracts with KPMG Australia while it has a temporary freeze on the firm.

FST Media accelerates its investment in Australian banking

PROFESSION • Staff Reporter

FST Media has marked a major new chapter in its growth, bringing together three significant milestones in a single day as it expands its commitment to Australia’s banking sector.

Internal audit in the age of AI, from assurance to foresight

PROFESSION • Scott Kieran, Westpac

Having spent much of my career in internal audit before recently moving into risk management, viewing the function from a different perspective has reinforced the value internal audit provides through independent assurance, insight, and increasingly, foresight, writes Scott Kieran.

Law firm ‘well advanced’ into class action investigation against CTM and PwC

PROFESSION • Matthew Taylor

Phi Finney McDonald is investigating a potential investor class action against Corporate Travel Management and its former auditor, PwC Australia.

Largest number of finalists unveiled for Australian AI Awards

PROFESSION • Staff Reporter

Accounting Times is proud to announce numerous AI innovator finalists in the accounting profession at the renowned Australian AI Awards 2026.