Over the past four years, each of Australia’s major auditors has taken its turn depleting its own and the sector’s societal capital, each in a different way.

Hiding behind the legal opacity of private partnerships while preaching good governance to clients is a hypocrisy regulators should no longer ignore.

The all-powerful, and secretive, consulting sector is in crisis again as a whistleblower scandal tears an industry giant apart.

Over the past four years, each of Australia’s major auditors has taken its turn depleting its own and the sector’s societal capital, each in a different way.

The government has unveiled wide-ranging plans to crack down on major accounting firms by giving ASIC the power to police and fine firms for the first time.

Accounting firms could be asked to split their lucrative consulting services from their audit functions and individual firm partners could face far greater scrutiny and penalties…

The federal government is proposing harsh new measures to address the misbehaviour of Australia’s global consulting giants.