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Labor’s half-baked response to KPMG and PwC scandals is embarrassing
The Treasury options paper on reform of the audit, consulting and accounting sectors is light on detail and urgency. Does Labor really want change?
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Timeline cronologica
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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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Labor’s half-baked response to KPMG and PwC scandals is embarrassing
The Treasury options paper on reform of the audit, consulting and accounting sectors is light on detail and urgency. Does Labor really want change?
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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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No timeline for big four reform despite PwC, KPMG scandals
Assistant Treasurer Daniel Mulino says reform is “real priority for the government”, but concedes there is “no particular timeline” for new rules.