By Malavika Santhebennur
KPMG to identify ‘off the books’ whistleblowers post-hearingAmid ongoing scrutiny into its treatment of whistleblowers, KPMG will provide information on how many whistleblowers were managed “off the books”.
Tags: KPMG, auditing, whistleblower, audit, misconduct
PROFESSION • Malavika Santhebennur
In his National Press Club address, the financial services minister announced significant reforms around the oversight, governance, and audit requirements of MISs.
Tags: governance, assurance, ASIC, audit, investment
PROFESSION • Carlos Tse
While the head of KPMG Australia said that he witnessed speak-up culture at the firm since he worked at a junior level, he conceded that this was “not a uniform experience”.
PROFESSION • Malavika Santhebennur
CA ANZ has urged the government to license firms and give ASIC clear jurisdiction over the firms whose “audits matter most to the public interest”, calling this the central reform.
Tags: governance, firm, Big Four, ca anz, ASIC, whistleblower, audit, big 4, submission, audit reform, audit regulation
PROFESSION • Miranda Brownlee
The firm says the newly created role reflects its commitment to accelerating its next phase of growth.
PROFESSION • Miranda Brownlee
The amending regulations for the Tax Practitioner Board sanctions reforms fail to recognise the high threshold that was intended to apply to the interim suspension powers, the professional body has said.
Tags: News
PROFESSION • Malavika Santhebennur
A health, beauty, and wellness company has been found liable for breaching continuous disclosure laws and misleading investors.
Tags: tax, Federal Court, ASIC, company, profits, law, court, disclosure
PROFESSION • Carlos Tse
The firm stresses that audit regulation must be a key focus in Treasury’s new regulatory frameworks for firm regulation, highlighting inconsistencies in regulation across firm structures.
Tags: News, regulation, BDO, AI, firm, audit, 344, 381, 185, options paper, 510, 340, audit regulation
PROFESSION • Malavika Santhebennur and Carlos Tse
Expelled former KPMG partner Eileen Hoggett took the mic at the latest KPMG hearing to reflect on her removal from the partnership and her recollection of storing confidential documents found in her locker.
Tags: News, partner, KPMG, Parliamentary Committee, 352, partnership
PROFESSION • Malavika Santhebennur, Naomi Neilson and Carlos Tse
Former KPMG partners have been grilled during a parliamentary hearing, where they were ordered to disclose any payments made to whistleblowers over the past decade.
Tags: tax, AI, KPMG, payments, audit, misconduct, whisleblower
PROFESSION • Malavika Santhebennur
New research by Gartner has shown that the majority of audit leaders report using AI to some degree, but only a small proportion have implemented an AI strategy.
Tags: Strategy, Artificial Intelligence, AI, auditing, audit