PROFESSION • Malavika Santhebennur and Amelia McNamara

KPMG is rumoured to be undertaking large-scale redundancy proceedings in the wake of the ongoing audit scandal and subsequent parliamentary scrutiny.

PROFESSION • Miranda Brownlee

Labor has said there is broad support for extending the TPB’s enforcement toolkit, but has acknowledged that important questions have been raised during the consultation on the proposed powers.

PROFESSION • Malavika Santhebennur

Amid ongoing scrutiny into its treatment of whistleblowers, KPMG will provide information on how many whistleblowers were managed “off the books”.

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.

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.

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.

PROFESSION • Malavika Santhebennur

A health, beauty, and wellness company has been found liable for breaching continuous disclosure laws and misleading investors.

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.