PROFESSION • By Jerome Doraisamy

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.

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

Another rate rise may be on the cards amid elevated inflation outlook, RBA says

Reserve Bank of Australia (RBA) deputy governor Andrew Hauser has warned that the deteriorating inflation outlook and doubts about its eventual return to target could warrant another interest rate increase.

ECONOMY • By Charlie Tchetchenian

Independent KPMG report confirms culture, governance and accountability deficiencies

KPMG’s response to the whistleblower matter has been identified as misguided, fragmented, prolonged, and often lacking clear ownership, following a whistleblower’s disclosure of unethical conduct and a poor speak-up culture.

PROFESSION • By Amelia McNamara

Consultation a ‘tick-the-box’ exercise: Industry pokes holes in trust tax bill

The minimum tax on discretionary trusts bill has continued to ruffle feathers among tax professionals around the lack of consultation and technical issues.

PROFESSION • By Malavika Santhebennur

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