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The Latest Breaking News from Deborah ONeill

AAP Rolling News Bulletin May 29, 1200

AAP Rolling News Bulletin for May 29 at 1200

AAP

FED:Regulator confirms probe as advisory firm head 'quits'

The head of KPMG has reportedly resigned after the corporate regulator publicly confirmed in real time it's probing registered company auditors at the firm.

AAP

'I take accountability': top advisory firm leader quits

The head of KPMG Australia has resigned after the corporate regulator publicly confirmed in real time it is probing registered company auditors at the firm.

AAP

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Albanese government to lift ban on working with PwC Australia as police investigation continues

Exclusive: Finance minister to consider feedback from senators before making decision final

The Guardian - AU

Australians who don’t pay child support should be chased by tax office, parliamentary committee says

Some 16% of women and 8% of men will suffer from financial abuse in their lifetimes, an annual toll estimated at $5.7bn

The Guardian - AU

Big four consultancy firms should have partner numbers slashed by up to 600, Australian inquiry says

Banning political donations or restructuring firms to reduce conflict of interest are not part of recommendations

The Guardian - AU

Maritime road rage: windfarm protesters 'rock the boat' of Labor cruise

An anti-wind farm protest has turned ugly.

Newcastle Herald

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PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told

Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to parliamentary inquiry into company

The Guardian - AU

Lack of technology poses 'existential risk' to ASIC

The boss of the financial services watchdog has revealed a lack of investment in data capability and technology is hampering its ability to tackle crime..

AAP

The world 'deserves the truth' behind PwC scandal

The PwC tax leak scandal has gone beyond Australian borders and everyone deserves to know who exactly was involved, a senator says.

AAP

Senate committee report accuses PwC of trying to cover up tax leaks scandal

New claim follows earlier report by the committee accusing the firm of a ‘calculated’ breach of trust

The Guardian - AU

Liberal senator demands PwC executives ‘bare their necks’ at inquiry into consultancies

Richard Colbeck says PwC International must clarify reports it took control of Australian firm after tax leaks scandal

The Guardian - AU

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

The Guardian - AU

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

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The Guardian - AU

Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

The Guardian - AU

MPs condemn payment of millions to consultants over federally funded grant schemes

Politicians and union say assessment of applications should no longer be outsourced to private companies

The Guardian - AU

Powerful US and UK committees lobbied to pressure PwC to release report sought in Australia

Exclusive: Richard Colbeck urged counterparts to seek document used to clear firm’s partners of wrongdoing

AAP

Accused auditors dodge black mark by resigning: ASIC

A Senate committee has heard auditors accused of committing misdemeanours could escape consequences and scrutiny by resigning.

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The Guardian - AU

PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

Former CEO Luke Sayers says ‘Project Kookaburra’ sought to sell off consultancy business amid concerns about conflicts of interests

The Guardian - AU

‘This is not over’: Treasury flags further action against PwC Australia over additional breaches of confidence

Exclusive: Move comes after firm admits partner forwarded papers related to confidential consultation with treasury and ATO officials to colleagues

The Guardian - AU

PwC tax leak scandal not isolated to Australia, senators claim

Accounting firm says no evidence confidential information used by partners outside Australia for commercial gain

The Guardian - AU

PwC scandal: Australian Tax Office tried to get federal police to investigate in 2018

Tax office tells Senate committee it did not have the investigative powers to secure enough evidence from consultancy firm, hampering efforts to persuade federal police to investigate

The Guardian - AU

PM will push national cabinet for public holiday if Australia make final – as it happened

This blog is now closed.

Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

The Guardian - AU

Deloitte declines to tell Senate which government department’s information it leaked internally

Greens senator repeatedly asks firm to reveal which department was implicated but question taken on notice

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