Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent years. Breaking up these firms is also being considered as a potential option.

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission…

The government has also said that breaking up the Big Four firms is one option under consideration. Read more at straitstimes.com. Read more at straitstimes.com.