Posted
The big four accounting firms have been branded as aggressive, unethical, and accused of "perpetrating the greatest tax crimes in history" by a leading corporate tax authority.
Topics: industry, accounting, tax, fraud-and-corporate-crime, multinationals, australia
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| UpdatedThe big four accounting firms are branded as aggressive, unethical, and stand accused of "perpetrating the greatest tax crimes in history" by a leading corporate tax authority.
Topics: accounting, tax, fraud-and-corporate-crime, multinationals, australia
Posted
| UpdatedFiji's opposition came back into parliament this morning, and staged a motion of no confidence in Prime Minister Frank Bainimarama.
Topics: accounting, public-sector, corporate-governance, government-and-politics, pacific, fiji
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| UpdatedA Lake Macquarie accountant has been charged with fraud offences, stemming from the alleged misappropriation of hundreds of thousands of dollars.
Topics: fraud-and-corporate-crime, accounting, valentine-2280
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| UpdatedPeter Lewis from Essential Media might find it baffling that accountants are held in high regard, but the rest of Australia understands the value they add to their businesses and communities.
Topics: tax, accounting
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Chart the economic challenges besetting Australia - from the property bubble to the budget deficit - and there's a direct line to the work of accountants.
Yet when we line up the professions and ask the public their levels of trust, accountants rate only behind doctors (who save lives) and engineers (who build things that don't fall down).
Have they discovered a moral loophole that allows them to offshore their morality undetected?
Topics: tax, accounting
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| UpdatedA major player in the financial advice industry has put its hand up and said enough is enough, but some are asking if the move is three years overdue.
Topics: business-economics-and-finance, accounting, company-news, australia
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| UpdatedCPA Australia says it has been excluded from the federal budget lock-up "for the first time in the history of the organisation" because of its commentary against public policy.
Topics: budget, government-and-politics, federal-government, accounting, business-economics-and-finance, australia
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An Indian court pronounces the founder of Satyam Computer Services Ltd and darling of the Indian IT industry, Ramalinga Raju, guilty of forging documents and falsifying accounts in the country's largest-ever corporate accounting fraud.
Topics: accounting, business-economics-and-finance, fraud-and-corporate-crime, information-technology, india, asia
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| UpdatedSenator Christine Milne questions accounting giants over their tax planning for corporations, but they deny any wrongdoing.
Topics: tax, accounting, australia
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| UpdatedBusiness groups are urging the tax review to recommend a GST increase, but accountants say a raft of other reforms are also needed.
Topics: tax, business-economics-and-finance, accounting, australia
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Judy Snell, a Director of RSM Bird Cameron, has helped draw up many succession plans for Western Australian farming families. Read more
Topics: agricultural-crops, rural, accounting, family-and-children, moora-6510
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| UpdatedTopics: rural, business-economics-and-finance, law-crime-and-justice, accounting, farm-labour, rural-youth, family-and-children, perth-6000
Posted
| UpdatedDairy Australia's Neil Lane must try and engage reluctant farmers with business management practices.
Topics: dairy-production, accounting, agricultural-prices, mount-gambier-5290
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Dairy Australa's newest employee, Neil Lane, has the task of pitching farm business management to reluctant farmers.
Topics: accounting, agricultural-prices, dairy-production, mount-gambier-5290
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Topics: accounting, agricultural-prices, dairy-production, mount-gambier-5290
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It is impossible to tell by looking at a farm and its pastures, animals and machinery, if its books – or its finances - are healthy or not.
Topics: business-economics-and-finance, consumer-finance, farm-labour, sustainable-and-alternative-farming, industry, accounting, rural, sa, mount-gambier-5290
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| UpdatedUS bank JP Morgan Chase will pay the largest bank forfeiture in history for its role in Bernie Madoff's $60 billion Ponzi scheme.
The bank will pay $US1.7 billion ($1.91 billion), which comes on top of a $US13 billion settlement the bank agreed to pay in November for its role in the global financial crisis.
The bank will also pay another $US350 million to settle with the United States Office of the Comptroller of the Currency.
Topics: company-news, business-economics-and-finance, consumer-protection, money-and-monetary-policy, management, international-financial-institutions, international-aid-and-trade, banking, accounting, industry, economic-trends, corporate-governance, united-states
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| UpdatedThe Federal Government is planning a major shakeup of the Future of Financial Advice rules introduced by Labor.
Many of the changes would overturn reforms introduced in the wake of the Storm Financial collapse, in which some investors lost their life savings because of conflicted financial advice.
One of the proposed changes would water down a key provision to obliges financial advisors to always act in the best interests of their clients.
The Assistant Treasurer Arthur Sinodinos says that is just one area where Labor's reforms went too far.
Topics: business-economics-and-finance, consumer-finance, company-news, consumer-protection, corporate-governance, economic-trends, ethical-investment, industry, accounting, advertising-and-marketing, banking, international-financial-institutions, management, markets, money-and-monetary-policy, regulation, small-business, superannuation, government-and-politics, federal-government, parliament, privatisation-and-deregulation, programs-and-initiatives, tax, australia, parliament-house-2600
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Peter Costello to act as Future Fund head as David Gonski resigns to take over as chairman of ANZ.
Topics: business-economics-and-finance, economic-trends, industry, accounting, ethical-investment, consumer-finance, company-news, corporate-governance, banking, management, markets, money-and-monetary-policy, superannuation, regulation, government-and-politics, budget, federal-government, parliament, public-sector, australia
Posted
| UpdatedThe High Court has reinstated a $2 million penalty against the internet provider TPG for misleading advertising.
Topics: business-economics-and-finance, company-news, industry, consumer-protection, corporate-governance, accounting, advertising-and-marketing, retail, management, markets, regulation, science-and-technology, information-technology, computers-and-technology, internet-technology, australia
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| UpdatedChina's largest privately-owned agribusiness has taken a majority stake Australia's fourth biggest beef processor.
The New Hope Investment Fund's decision to make an investment in Queensland's Kilcoy Pastoral Company coincides with an extraordinary increase in Australian beef exports to China over the past 12 months.
Topics: business-economics-and-finance, company-news, industry, accounting, food-and-beverage, rural, agribusiness, livestock, beef-cattle, food-processing, australia, qld, china
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| UpdatedJoe Hockey's rejection of ADM's GrainCorp takeover sends mixed messages about foreign investment.
Topics: business-economics-and-finance, company-news, industry, accounting, food-and-beverage, australia, parliament-house-2600
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| UpdatedA leading banking analyst wants a Federal Government inquiry into the housing market.
Topics: consumer-finance, consumer-protection, business-economics-and-finance, economic-trends, industry, accounting, banking, money-and-monetary-policy, regulation, australia
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The financial regulator says it is "working assertively" with banks to make sure they do not slash their home lending standards to chase more business.
The Australian Prudential Regulation Authority's chairman John Laker has told an economics lecture that banks need to remember the lessons of the US housing meltdown.
He says bank directors have assured him that lending standards are being maintained and APRA audits have not found any major problems, despite some major banks now advertising 5 per cent deposit home loans.
Topics: business-economics-and-finance, company-news, economic-trends, consumer-finance, consumer-protection, corporate-governance, industry, accounting, banking, markets, australia