PROFESSION • By Malavika Santhebennur

ASIC accepts auditor registration cancellation

The corporate regulator has agreed to cancel the registration of a company auditor after surveillance found audit quality concerns.

Company in liquidation with tax liabilities relieved of nearly $3m in directors’ loans

The Federal Court has ruled a company facing liquidation was entitled to relief for a “running account” director’s loan, worth nearly $3 million, without written agreement.

TAX • By Carlos Tse

Grant Thornton appoints new financial advisory partner

The mid-tier firm has welcomed a new partner to its financial advisory practice in Brisbane, who brings deep transaction experience.

PROFESSION • By Carlos Tse

Big 4 misconduct reports to ASIC pile up to 153

In its latest update, the corporate regulator has said it has received more than 150 reports of misconduct relating to the big four accounting firms over the past three years, up from reported figures in September.

PROFESSION • By Malavika Santhebennur

Corporate advisory firm blames law for stifling $70k winding-up proceedings

Following the rescission of a financial advice agreement due to a provider not holding an Australian Financial Services Licence, one company has won against claimed creditors who sought over $70,000 in allegedly unpaid fees.

PROFESSION • By Carlos Tse

See more Accounting Times news here