This Month
LinkedIn’s top five jobs for graduates – and how much they pay
Accounting was one of the top five jobs for graduates this year, based on annual growth in hiring activity on the professional networking site LinkedIn.
- Euan Black
CPA Australia reels from cost overruns, exec departures
Last week, yet another executive bowed out of CPA’s Southbank headquarters, resigning a mere four months into her role.
- Updated
- Myriam Robin
KPMG may merge its UK and Swiss accounting arms to boost growth
A vote on the proposed combination could be held as early as next year, amid a fall in demand for services caused by the tougher economic climate.
- Irina Anghel
PwC fined $10.5m over exam cheating by China and Hong Kong staff
US regulator says more than 1000 of firm’s workers cheated on tests designed to familiarise them with US standards.
- Stephen Foley
CA ANZ unhappy about accounting merger
The number-crunching body is upset the government has decided to merge the existing standards bodies into a single entity.
- Edmund Tadros
November
- Exclusive
- Big four consultants
Big four billing rates leaked by federal government
Highly confidential details about how much 400 consulting firms charge the federal government were accidentally leaked this month, sparking outrage and calls for a full investigation.
- Ronald Mizen and Edmund Tadros
KPMG UK freezes pay for 12,000 employees amid market downturn
KPMG has frozen the salaries for 12,000 workers across the UK as big four firms continue to grapple with the sharp slowdown in the deals market.
- Adam Mawardi
PwC hires new chief risk officer, commits to stronger controls
PwC Australia has conceded its internal controls were “immature” and has committed to strengthening risk management in the wake of its tax leaks scandal.
- Max Mason
- Opinion
- Audit quality
The triple merger that could transform accounting
The government will merge Australia’s three accounting standards bodies into one - in the largest reform to the accounting sector in decades. Not everyone’s happy.
- Edmund Tadros
EY’s Janet Truncale: Project Everest survivor with a mountain to climb
The first woman to become global chief of a big four consulting firm faces the challenge of uniting EY after its failed split.
- Stephen Foley
EY picks first woman to head big four firm
The promotion of Janet Truncale, Americas financial services head, follows a failed plan to split off the firm’s consulting arm.
- Stephen Foley, Michael O’Dwyer and Simon Foy
Redundant PwC staff ‘shocked’ and ‘blindsided’
Many who had been promised work at spin-off firm Scyne Advisory were unexpectedly sent back to PwC last month, only to be let go on Wednesday.
- Edmund Tadros
Former big four partners banned from tax regulator
Senior executives and former partners of the major accounting firms will be barred from serving as members of the Tax Practitioners Board.
- Tom McIlroy
ASIC’s 15 checks of 1900 firms ‘very low’, says standards body
The decision to conduct just 15 reviews of high-risk audits in 2022-23 – from 45 the year before – raised serious questions about whether it had “sufficient coverage of the audit” quality.
- Ronald Mizen
PwC spin-off Scyne to officially begin operating from November 13
Once the deal is finalised on Wednesday, it will be fully independent of PwC Australia and owned by Allegro and Scyne staff.
- Edmund Tadros
Senators slam EY deal with ATO as too lenient
EY is facing further scrutiny in the wake of allegations a former partner promoted tax exploitation schemes over five years.
- Max Mason and Neil Chenoweth
EY’s David Larocca turns the PwC spotlight on himself
The EY chief executive expressed dismay at the PwC scandal. Then, EY outed itself as the firm behind the latest alleged tax rort.
- Mark Di Stefano
- Exclusive
- Consulting
Former EY partner in tax case ‘took $700k in unauthorised payments’
EY Australia has outed itself as the big four firm involved in a court case in which a former partner is fighting to keep his name secret.
- Max Mason and Neil Chenoweth
October
Accenture hears the lucrative drumbeat of war
Accenture emerged from Canberra’s ‘war on consultants’ unscathed. Now, the company has sought outside help getting in on Defence contracts.
- Mark Di Stefano
Major consultancies cut staff, slash spending as market slows
A widespread slowdown in public and private sector demand this financial year has led firms to take a variety of measures to reduce or defer costs.
- Edmund Tadros
