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Consulting giants face break-up threat to restore trust after scandals
The federal government is proposing harsh new measures to address the misbehaviour of Australia’s global consulting giants.
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afr.com
One bad apple? The big four consulting firms face a reckoning
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.
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KPMG rainmaker exits as Labor flags radical reform to big four firms
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.
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abc.net.au
Accounting firms could be split post KPMG audit scandal
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…
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theage.com.au
Consulting giants face break-up threat to restore trust after scandals
The federal government is proposing harsh new measures to address the misbehaviour of Australia’s global consulting giants.
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news.com.au
Treasury threatens to break up big four firms KPMG, EY, Deloitte and PwC as scandals plague the consultancy sector
It’s been a rough couple of years for Australia’s big four consultancy firms if negative news headlines are anything to go by, with a series of scandals rocking the lucrative…
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smh.com.au
Consultants will fight change ‘tooth and nail,’ warns senator who blew the whistle on KPMG, PwC
Senator Deborah O’Neill, a key figure in the PwC tax scandal and KPMG whistleblower scandal, says the culture inside global consulting giants ‘needs to be disrupted.’
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straitstimes.com
Australia proposes overhaul of consulting sector following scandals
The proposed measures include new powers to police the industry and larger fines for poor behaviour. Read more at straitstimes.com. Read more at straitstimes.com.
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thehindubusinessline.com
Australia weighs break-up of Big Four accounting firms after scandals
Australia considers breaking up Big Four accounting firms to enhance oversight and restore trust after recent scandals.
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Audit regulatory reset inevitable after the PwC and KPMG scandals
Treasury will now consult on its proposals. Heightened regulation brought upon the sector by bad actors at the two big four firms is the most likely outcome.
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asia.nikkei.com
Australia eyes Big Four accounting reforms after scandals
Separation of auditing units an option after integrity issues at PwC, KPMG and EY