ASIC wants power to force auditors to redo faulty work
![ASIC's latest audit quality inspection report found that 20 per cent of reviewed audits lacked the assurance the ...](http://web.archive.org./web/20190412004928/https://www.afr.com/content/dam/images/h/1/d/b/q/u/image.related.afrIndexLead.320x210.p51ax6.png/1554794942000.jpg)
But the corporate regulator still has to determine if it will "name and shame" firms over poor quality audits.
But the corporate regulator still has to determine if it will "name and shame" firms over poor quality audits.
The accountancy firm is developing detailed plans to split its UK audit and non-audit businesses into separate subsidiaries after British MPs called for a break-up of the larger big four firms.
Accenture is trying to add the kind of creative muscle not normally associated with giant consulting firms with its plans to buy Droga5, an independent ad agency.
The competition regulator will not push ahead with its probe into the big four consulting firms – Deloitte, EY, KPMG and PwC – over allegations they operated as a cartel due to insufficient evidence.
Deloitte says its partners on average pay more tax than companies and are discouraged from using a tax reduction technique known as the 'Everett assignment'.
Professional services firms that understand how to digitally transform are using it as an opportunity to serve clients better, faster and cheaper and reduce their costs.
KPMG is launching a service to assist businesses check that employees are being paid correctly amid a concerted targeting of worker exploitation by authorities.
For the first time, the ATO has revealed the big four consulting firms' income-splitting techniques used by their partners to minimise their tax.
Four professionals reveal their secrets for delivering expert customer service.
Large companies are unlikely to be hit with big new tax increases or receive significant tax relief in this year's federal budget, two senior tax advisers say.
A group of PwC partners and staff joined executives and chefs in helping to raise funds at the annual OzHarvest CookOff.
The leadership at PwC Australia is under pressure to resolve a conflict-of-interest controversy over retirement payments, amid fears the issue will spread overseas.
The big four accounting firms are always the best of enemies. So it shouldn't be surprising Deloitte has hit back at rival EY after one of its junior partners was poached last year. wn.
KKR has moved to declare its $2 billion offer for MYOB as its "best and final" to counter the threat posed by New York-based hedge fund Manikay Partners.
​Ben Barnett remembers the many extra hours he spent on strategy presentations and reports to ensure they were as close as possible to perfect.
The incoming local head of McKinsey says becoming managing partner is not quite the same as being in charge.
Governance guidelines are unlikely to be effective in changing boardroom culture because they often read as little more than "benign motherhood statements".
CBA's decision to abandon a dispute with the tax office over a rejected R&D; rebate worth up to $100 million shows the grant was never designed to be a "widespread tax deduction" simply for using technology.
PwC is considering paying a tens of millions into a blind trust to fund the ongoing payments of the more than 10 former partners where the income might cause a potential conflict of interest.
Professional services giant KPMG will not enforce its legally dubious retirement age of 58 for the 20 new partners that come with its purchase of restructuring and turnaround firm Ferrier Hodgson.
The shadow hanging over KKR's proposed $2 billion MYOB takeover just got bigger.
Accountants Grant Samuel has given its approval to a $2 billion takeover offer from KKR but disgruntled shareholder Manikay Partners is not backing down.
Takeover target MYOB's release of its scheme booklet has coincided with some meaningful trade on Tuesday.
Professional services giant KPMG has snapped up insolvency firm Ferrier Hodgson after months of haggling and negotiation.
Sharing customer data with start-ups and laws making directors responsible for breaches have pushed the bank to consider bringing in cyber-security help.
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