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PROFESSION

By Malavika Santhebennur

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

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

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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.

KPMG hinted at internal investigation to Westpac in 2025

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.

Governance body opposes structural separation of the big 4

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.

Top 5 takeaways from ASIC hearing into KPMG

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.

Audit regulation hasn’t kept pace with conduct of large firms

PROFESSION • Malavika Santhebennur

A superannuation body has argued that recent scandals at large accounting firms show regulatory oversight is weak at the firm level.

Climate transition guidance needs investor-friendly resources, says CA ANZ

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.

KPMG trims senior partner ranks to cut costs

PROFESSION • Malavika Santhebennur

The accounting firm has reportedly cut its executive ranks in response to its audit misconduct scandal and a tough consulting market.