By Malavika Santhebennur
‘I smell a rat’: Greens decry KPMG defence deal amid federal contract banThe government has been slammed for signing two new defence contracts with KPMG Australia while it has a temporary freeze on the firm.
Tags: Greens, financial services, KPMG, audit, misconduct, contract, ban, government contracts
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.
Tags: Awards, financial services, Australia, ban, investment
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.
PROFESSION • Matthew Taylor
Phi Finney McDonald is investigating a potential investor class action against Corporate Travel Management and its former auditor, PwC Australia.
Tags: News, law firm, class action, AI, firm, auditing, Corporations Act, pwc, investigation, law
PROFESSION • Staff Reporter
Accounting Times is proud to announce numerous AI innovator finalists in the accounting profession at the renowned Australian AI Awards 2026.
PROFESSION • Malavika Santhebennur
Westpac has revealed that former KPMG Australia CEO Andrew Yates told its former director, Peter Nash, that KPMG was investigating a confidential internal matter referencing Westpac’s audit tender.
Tags: KPMG, westpac, whistleblower, audit, misconduct, investigation, conflict of interest
PROFESSION • Malavika Santhebennur
The Governance Institute of Australia has argued that mandating structural separation of audit and non-audit services at large accounting firms should be a last-resort option.
PROFESSION • Malavika Santhebennur
From a review of over 550 misconduct complaints to NDA reassurances, here are the main revelations from ASIC’s hearing into KPMG and the other three big accounting firms.
Tags: KPMG, Big Four, remuneration, auditing, ASIC, Corporations Act, surveillance, misconduct, accounting, redundancy
PROFESSION • Malavika Santhebennur
A superannuation body has argued that recent scandals at large accounting firms show regulatory oversight is weak at the firm level.
PROFESSION • Carlos Tse
While the professional body has welcomed the government’s guidance on climate‑related transition planning, it has called for more targeted resources for investors and further policy development to enable corporate action on the transition.
PROFESSION • Malavika Santhebennur
The accounting firm has reportedly cut its executive ranks in response to its audit misconduct scandal and a tough consulting market.
Tags: partner, costs, KPMG, remuneration, auditing, audit, misconduct, redundancy