Yesterday
- Exclusive
- Luxury property
Cotton On CFO lists Melbourne mansion with a contemporary twist
Cotton On CFO Michael Hardwick and his wife Diana have put their Melbourne mansion on the market guiding up to $13.75m after a major renovation.
- Bonnie Campbell
This Month
PwC’s failed complaint over professor’s spicy LinkedIn posts
Andy Schmulow’s more polite jibes included calling PwC “a cancer” on society, “thugs in suits”, and a “parasite”. PwC reckons it’s all beyond the pale.
- Updated
- Myriam Robin
PwC partners in Middle East accused of blocking first woman boss
PwC is facing a backlash from its own staff after two women were passed over for the UK firm’s top job, as Middle Eastern partners grow in strength.
- Updated
- Adam Mawardi
Big four exam cheating under spotlight amid AI fears
Academic integrity is in focus for professional regulators after a series of cheating scandals and the rise of artificial intelligence.
- Adam Mawardi
ANZ reveals $2b buyback; Macquarie bets on AI; Bonza backers’ plot
Read everything that’s happened in the news so far today.
- Opinion
- Big four accountants
Why can’t top auditors find fraud?
US regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing.
- Stephen Foley
Let ASIC police big four conflicts: Samuel
Former ACCC chairman Graeme Samuel says the big four’s governance changes looked good on paper, but would not fundamentally change the culture of the firms.
- Maxim Shanahan and Ronald Mizen
Big four accountants could face partner limits in governance crackdown
The big four accounting firms could be forced to slash partner numbers and incorporate their consulting businesses under a crackdown on governance standards flagged as a possible response to the PwC tax leaks scandal.
- Updated
- Ronald Mizen and Edmund Tadros
PwC survives Macquarie audit review
PwC has audited the Millionaires’ Factory since 1993, and it is one of its most lucrative ASX contracts.
- Lucas Baird
The 24 questions Treasury has about the big four consulting firms
The 16 “potential issues” raised by Treasury and the 24 questions it would like responses to about the structure of the firms and the wider sector.
- Edmund Tadros
- Opinion
- Audit quality
Treasury questions the very nature of the big four consulting firms
Get ready for war as they fight back against suggestions they are too big, incapable of governing themselves and have compromised auditing roles.
- Edmund Tadros
Melbourne Rebels survive but fight with ATO, Rugby Australia not over
Former Melbourne Rebels director Georgia Widdup said the decision meant plans for a “financially sustainable future” could progress.
- Zoe Samios
Tax Office investigating Lachlan Murdoch’s Nova radio assets
The parent of SmoothFM revealed it is under an ATO microscope, hauling in PwC for tax compliance services.
- Sam Buckingham-Jones
April
KPMG increases working capital borrowings by almost $300m
KPMG increased its borrowings by almost $300 million over the past two financial years but booked revenue growth of more than $500 million.
- Maxim Shanahan
Scyne finalises appointments, KPMG partner heads to Star
PwC spin-off Scyne Advisory has appointed a permanent managing partner and will finalise its CEO in the second half of this year.
- Maxim Shanahan
PwC set to become smallest big four firm
PwC has lost more than 200 partners in less than a year, with the once-ascendant firm expected to fall behind KPMG on partnership size and revenue.
- Maxim Shanahan
Profit of $4804: how Musk’s takeover crushed Twitter in Australia
X is expected to be wound up in Australia after reporting just $3.4 million in revenue in the first half of 2023, documents reveal.
- Sam Buckingham-Jones
- Exclusive
- PwC tax scandal
Burrowes wants everyone to move on from PwC’s tax scandal
“We feel we’re in a good position now to start to turn to a new chapter, look to the future and drive the firm with a new strategy,” the PwC chief executive says.
- Ronald Mizen and Maxim Shanahan
- Exclusive
- Big four consultants
Former PwC chief executive Kristin Stubbins starts new firm
The advisory giant’s former boss, and its most senior audit partner, is expected to launch the new business next month.
- Aaron Weinman
Tax Office warns law firms over consulting push
ATO second commissioner Jeremy Hirschhorn said he was worried law firms would repeat the mistakes of the big four professional services firms with their push into consulting.
- Maxim Shanahan
