Latest
Young lawyers win changes to ‘unfair’ barrister exam
A review slammed the Victorian Bar exam, which is infamous within the legal industry, as “unnecessarily restricting access to the Bar” and in need of reform.
- Updated
- Hannah Wootton
Big four partners split 44pc of income to cut tax bill: ATO
Big four consulting firm partners distributed $1.2 billion of their collective $2.7 billion profit via trusts and other income splitting measures to reduce their tax bill, the ATO says.
- Edmund Tadros
Large companies must file climate reports from 2025
Large companies have been given a six-month reprieve on including climate-related information in their financial reports.
- Edmund Tadros
Luke Sayers is done with the PwC scandal. It’s not done with him
Unethical behaviour “ignored”. “Implausible”. “Scarcely credible”. How can this assessment be any worse?
- Myriam Robin and Mark Di Stefano
US regulator fines PwC Australia for late disclosure of leaks scandal
PwC Australia was sanctioned for failing to disclose that it was being investigated for more than a year, in the latest fallout over its tax leaks scandal.
- Updated
- Timothy Moore and Edmund Tadros
Data Trackers
Financial Review consulting salary guide 2022-23
The full guide to how much you can earn at Accenture, Deloitte, KPMG and PwC.
- Edmund Tadros
PwC seeks absolution but can it really change?
The publication of two documents and a video apology for the tax leaks scandal this week was meant to be a circuit breaker. But it won’t be that easy.
- Edmund Tadros
Professional Moves
KPMG hands CEO Yates another three years
The board of KPMG Australia has extended the leadership term of Andrew Yates to June 2027.
- Edmund Tadros
PwC appoints ex-Stockland exec as new chief people officer
PwC Australia hires Stockland’s Karen Lonergan as the big four firm continues to push through reforms to its operations following the tax leaks scandal.
- Edmund Tadros
More partners exit Baker McKenzie amid integration talks
Baker McKenzie’s Australian managing partner is in Hong Kong for discussions about greater integration with the global firm’s Asian division
- Maxim Shanahan
This Month
- Sponsored
- AICD
How to build a boardroom mindset
What once required a firm hand on the management tiller now calls for a different, and more nuanced, set of competencies.
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by AICD
March
Sayers evidence on PwC tax leaks ‘implausible’, Senate finds
A Senate committee has called testimony by former PwC Australia chief executive Luke Sayers “implausible” and questioned the “truthfulness” of aspects of his evidence.
- Edmund Tadros
PwC cover-up of tax leaks scandal ‘worsens the crime’: report
A Senate committee said PwC Australia had yet to demonstrate that it has reformed its operations “beyond superficial commitments to change”.
- Updated
- Edmund Tadros
KPMG hands CEO Yates another three years
The board of KPMG Australia has extended the leadership term of Andrew Yates to June 2027.
- Edmund Tadros
PwC’s ‘project Snow Gum’ eyes sale to big four rival
PwC sought buyers for the firm’s indigenous consultancy unit, once a source of great pride. Enter Deloitte.
- Updated
- Mark Di Stefano
Watchdog gives auditors a ‘nudge’ to better identify fraud
International standard setters also want auditors to explicitly say when they agree with management’s assessment that their company is a “going concern”.
- Edmund Tadros
The five partners with ultimate power over the $81b PwC global network
The once-secret agreement between PwC International and its member firms gives the global network leadership team sweeping control powers of “defaulting” firms.
- Edmund Tadros
Judge berates lawyer for ‘sustained failure’ in insolvency case
A Victorian Supreme Court judge has hauled commercial lawyer Zoe Davis over the coals.
- Michael Pelly
New system to track labour hire in government
A new Department of Finance database will provide the first-ever consolidated view of the use of labour hire throughout the federal government.
- Edmund Tadros
PwC appoints ex-Stockland exec as new chief people officer
PwC Australia hires Stockland’s Karen Lonergan as the big four firm continues to push through reforms to its operations following the tax leaks scandal.
- Edmund Tadros
Ex-PwC chief Tom Seymour joins the mattress business
The ex-PwC CEO has been a director of the holding companies behind Sealy Posturepedic since December.
- Updated
- Myriam Robin
Senators slam PwC global boss for rejecting tax leak request
Bob Moritz has been accused of acting ‘like Dr No’ after refusing to provide the legal report into PwC International’s involvement in the firm’s tax leaks scandal.
- Updated
- Edmund Tadros and Maxim Shanahan
More partners exit Baker McKenzie amid integration talks
Baker McKenzie’s Australian managing partner is in Hong Kong for discussions about greater integration with the global firm’s Asian division
- Maxim Shanahan
Ashurst nabs Clifford Chance litigation co-chair
New partner Angela Pearsall says a growth in class actions is set to cause corporate clients significant headaches.
- Maxim Shanahan
Martinez lieutenant tipped to lead HWL Ebsworth
Juan Martinez’s right-hand man is favoured to become the next leader of Australia’s largest legal partnership.
- Michael Pelly
- Exclusive
- Tax avoidance
Client alleges ex-EY partner took secret payments on tax scheme
A wealthy client is suing the EY Australia partnership alleging a partner earned $700,000 in secret commissions as part of a failed tax loss scheme.
- Max Mason
From housing commission flats to law firm CEO
Long-term head of HWL Ebsworth Juan Martinez built the nation’s largest legal partnership on the back of hard lessons from a harsh childhood.
- Michael Pelly
Employment lawyers dissent over Gavin Maclaren’s mega contract
There was internal dissent to Corrs CEO Gavin MacLaren’s mega-contract extension. Some came from within its own employment ranks.
- Mark Di Stefano
Bain Capital around in-play APM with Jefferies in tow
Street Talk understands the global juggernaut is considering its own proposal for the struggling employment services company.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Shock death of CEO stuns HWL Ebsworth
Australia’s largest legal partnership is facing a succession crisis after Juan Martinez, its managing partner for 26 years, died on Monday of a suspected heart attack, aged 64.
- Michael Pelly
