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EY ‘to tender for most audits’ post split
Speaking about the firm’s proposed separation of its audit and consulting arms for the first time, Glenn Carmody said the move would help EY get more audit clients.
- Hannah Wootton
Problem with your audit? Expect a call from ASIC
The reviews will now focus on financial reports where there have been misstatements in a bid to focus companies on the consequences of shoddy assurance work.
- Updated
- Hannah Wootton
- Opinion
- The AFR View
CFOs wave red flag on workplace shake-up
Letting labour monopolies and third-party tribunals impose politically horse-traded restrictions on how labour most productively uses capital will undercut the economy.
- The AFR View
Finance chiefs brace for price competition ahead of slowdown
The Australian Financial Review CFO Live event on Monday responded to falling retail sales data with finance chiefs reviewing pricing and supply contracts.
- Ronald Mizen, James Eyers and Hannah Wootton
Software company Culture Amp tips US listing
The company has recorded soaring revenues as workplaces around the world have been forced to grapple with burnt-out employees and low morale during COVID.
- Colin Packham
November 2022
The one funding request CFOs find hardest to reject
Leading companies are ramping up their cybersecurity budgets and trying to cut back on how much customer data they store to protect themselves from hacks, they say.
- Hannah Wootton
Santos says intervention will undermine efforts to curb gas crisis
Santos CFO Anthea McKinnell said, ‘I’ve never seen a tax that goes to reduce prices. Government intervention is not going to increase supply into the market’.
- Colin Packham
Nationals will oppose Indigenous Voice
Nationals leader David Littleproud labels Indigenous Voice “another layer of bureaucracy” that won’t achieve anything. Here’s how the day unfolded.
- Updated
- Georgie Moore
Tough market ‘fantastic’ for private equity deals
M&A is increasingly defined by higher borrowing costs and cheaper public company valuations, which has presented an opportunity for investment firms to pounce.
- Aaron Weinman
Employers are already ‘war-gaming’ the new IR rules
Finance executives also say the industrial relations reform doesn’t do enough to simplify awards but welcome changes to enterprise bargaining rules.
- Hannah Wootton
- Exclusive
- Company tax
Tax revenue from coal and gas is about to surge
ATO second commissioner Jeremy Hirschhorn said several major coal and gas exporters had exhausted losses carried forward from setting up projects, and were now paying significant income tax.
- Ronald Mizen
Heavy-handed government processes ‘defeat innovation’: O’Rourke
Laing O’Rourke boss Ray O’Rourke says governments “defeat innovation” by creating far too many hoops for infrastructure projects to jump through.
- Lucas Baird
Strong wages growth puts pressure on interest rate
Private sector pay rises hit 4.3 per cent in the September quarter as annual wages grew at the fastest pace in almost a decade.
- Ronald Mizen
Will Ramsay sell its French assets?
Sources suggest that a restructure or a sell-off of its French assets is on the cards.
- Carrie LaFrenz
October 2022
Audit quality plummets at Deloitte, KPMG: ASIC
Deloitte failed to do enough work on half the audits reviewed by the watchdog last financial year, while KPMG fell short on 48 per cent.
- Hannah Wootton
Deloitte calls crisis meeting, blames staff turnover for poor audit results
The firm says high turnover, fatigued staff, missed deadlines and significant partner departures are to blame for a decline in the quality of its audit work.
- Updated
- Hannah Wootton
Poor skills, lack of scepticism blamed for audit quality problems
ASIC says the big accounting firms should also consider poor supervision by senior staff in reviews of where audits went wrong.
- Hannah Wootton
You might never have to file a tax return again
Former Tax Office second commissioner Andrew Mills says the automatic exchange of data could mean the death of the annual tax return.
- Tom McIlroy
CSL know-how to drive Vifor growth
Chief executive Paul Perreault remains bullish about CSL Vifor’s iron deficiency treatments, despite patents expiring in the next few years.
- Yolanda Redrup
CSL to lift the hood on its $18.8b Vifor acquisition
CSL investors have been waiting since December to hear what it plans to do with the Swiss renal thereby and iron deficiency company it bought last year.
- Yolanda Redrup
September 2022
Company directors urged to review auditors every five years
The AICD has released a guide for the reviews, warning they are needed to ensure investor confidence in the markets and avoid big accounting scandals.
- Hannah Wootton
Navigating complex business conditions
CFOs take centre stage as they chart their companies’ future in complex times.
August 2022
ASX names new finance chief, Bendigo picks a 41-year-old director
Andrew Tobin will join ASX as CFO from Challenger, while Bendigo and Adelaide Bank has appointed Alistair Muir to its board to build technology capability.
- James Eyers
December 2021
- Exclusive
- Capital raising
CFO helps CSL nail record $6.3b raise in 24 hours
Joy Linton has helped pull off Australia’s largest primary equity raise, taking the biotech giant a step closer to completing its $16.4 billion buyout of Vifor Pharma.
- Updated
- Carrie LaFrenz
- On-demand Video
- AFR Live
Finance chiefs on delivering a business-led recovery
Driving business value now and for a post-pandemic economy are some of the themes at the third Financial Review CFO Live summit.
