Australia considers breaking up Big Four accounting firms to enhance oversight and restore trust after recent scandals.

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.

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…

Australia considers breaking up Big Four accounting firms to enhance oversight and restore trust after recent scandals.

Separation of auditing units an option after integrity issues at PwC, KPMG and EY