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The director of a Sydney accounting firm encouraged clients to claim offsets with a “complete disregard” for their legal validity, a court has found.
ASIC has obtained a ban for Nexia Sydney partner Joseph Santangelo, who led audits of the global finance firm for two years before it collapsed in 2021.
The regulator will prioritise asset values, provisions, subsequent events, and disclosures due to consistent noncompliance among reporters.
The Tax Office has provided guidance on how groups within the Next 5,000 program can prepare for a risk-based review and what its priority areas are.
Heightened debt costs, interest rates and ATO scrutiny should prompt financial leaders to act proactively and consider unorthodox strategies.
The underpayments affect around 15,000 current and former employees, according to an enforceable undertaking with the Fair Work Ombudsman.
Investors are focusing on smarter, lower-risk opportunities in response to ongoing market uncertainty, according to the firm.
The Albanese government has released its redeveloped and improved Franchising Code of Conduct.
Managing staffing, retaining talent and adopting new technologies will again be some of the tougher challenges for CFOs and finance teams next year, according to the group financial controller of Webjet.
In an enforceable undertaking with the Fair Work Ombudsman, the university has admitted to a decade’s worth of underpayments affecting 25,000 staff across all faculties and campuses.
Major accounting bodies want to see the AUASB revise its prohibition on internal auditors providing direct assistance in external audits.
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