By Miranda Brownlee
Australia's tax profession 'confronting a structural crisis', warns The Tax InstituteThe supply of new entrants to the accounting profession is contracting. At the same time, demand for tax professionals continues to rise off the back of increasing regulatory complexity, according to a research report.
Tags: News, tax, Australia, war, the tax institute
PROFESSION • Malavika Santhebennur
A governance adviser has urged the PJC to consider how to inoculate KPMG and all other auditors, accountants, regulators, company directors, economists, and the public against ethical blindness.
PROFESSION • Carlos Tse
Moore Australia’s Victoria and Tasmania operation has welcomed a new director to its corporate and international tax team.
PROFESSION • Malavika Santhebennur
ASIC has confirmed that the embattled accounting firm has continued to claim legal professional privilege over more than 70 documents and has failed to produce them.
Tags: News, legal, AI, KPMG, ca anz, ASIC, audit, misconduct, disclosure obligations, claim, disclosure, documents
PROFESSION • Malavika Santhebennur
The corporate regulator has remade a legislative instrument on qualified accountants after its consultation received only two submissions.
Tags: News, ASIC, accountants
PROFESSION • Miranda Brownlee
The mandatory structural separation of audit and consulting functions is the “only viable remedy” for the systemic failures within the big four professional services firms, according to a group of prominent university professors.
PROFESSION • Malavika Santhebennur
Several accountants, auditors, bookkeepers, and others in the profession have been named as finalists for the coveted Women in Finance Awards, now in its 10th year.
PROFESSION • Carlos Tse
After engaging KPMG as its auditor since its ASX listing in 2000, the board of Insurance Australia Group plans to run its external audit tender process in FY27 to address audit tenure, leaving the firm off its guest list.
PROFESSION • Carlos Tse
The mid-tier firm has appointed its audit and assurance partner of nearly 20 years as its national head of not-for-profit.
PROFESSION • Carlos Tse
Fair Work Commission data has revealed that financial reports from just over two in three registered employer associations, unions, and enterprise unions were assessed as compliant, highlighting the most common errors.
Tags: News, report, employer, financial reporting, financial report, 319, reporting, Fair Work Commission, 640, 476, 511, 565