There are two distinct problems with the options paper for reform of the audit, accounting and consulting professions that was released by the federal government on Wednesday.The first is the timeline. As the options paper itself states, it was way back in August 2023, in response to the PwC scandal, that Labor announced that Treasury would examine the regulatory framework for the big four firms. An issues paper was released in May 2024, which was followed by the usual period of consultation and then – crickets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles