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Latest news: Accountancy and Auditing

Workers paid for years after leaving government jobs

Workers paid for years after leaving government jobs

Lax payroll oversight and contract workers paid more than full-time executives are costing millions in payments from state government agencies.

Xero shares sink to 15-month low despite revenue growth

Xero shares sink to 15-month low despite revenue growth

Xero shares sink to 15-month low despite revenue growth

Xero shares sink to 15-month low despite revenue growth

New Zealand-based cloud accounting software company Xero has grown revenue by 20 per cent and delivered $278 million in free cash flow.

Accountants, ombudsman lash tax office service

Accountants, ombudsman lash tax office service

Accountants, ombudsman lash tax office service

Accountants, ombudsman lash tax office service

The ATO has declined a Tax Ombudsman suggestion to re-route calls from accountants to experienced staff as pressures mount between tax agents and the agency.

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'Payday super' popular but could challenge small firms

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

Concern raised over cops' power to hack online accounts

Concern raised over cops' power to hack online accounts

Australians can have their social media accounts hacked and surveilled by police under powers a national watchdog says needs greater oversight.

Labor opens door to PwC after tax scandal

Labor opens door to PwC after tax scandal

Restrictions on consulting firm PwC's ability to bid for government work have been lifted after a shocking tax scandal and allegations it misused information.

Tackling unpaid invoices still a bread and butter issue

Tackling unpaid invoices still a bread and butter issue

With Australian business insolvencies at historically high levels, fintechs are looking to settle the problem of the nation's $115 billion in unpaid invoices.

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Victims of $23m con-woman Caddick claw back more losses

Victims of $23m con-woman Caddick claw back more losses

Victims of $23m con-woman Caddick claw back more losses

Victims of $23m con-woman Caddick claw back more losses

Auditors of Melissa Caddick's fraudulent accounts will pay hoodwinked investors $3.5 million, but half of this will be snapped up by lawyers and funders.

State at war with watchdog over $11.7b budget blowout

State at war with watchdog over $11.7b budget blowout

State at war with watchdog over $11.7b budget blowout

State at war with watchdog over $11.7b budget blowout

The Victorian government is questioning the integrity of the financial watchdog in a bid to dismiss billions of dollars in updated major project cost figures.

Climate disclosure for companies to support investment

Climate disclosure for companies to support investment

Climate disclosure for companies to support investment

Climate disclosure for companies to support investment

The largest companies and financial institutions must account for climate and nature-based risks from January, which experts say will support investment.

Former PwC head grilled over role in tax scandal

Former PwC head grilled over role in tax scandal

Former PwC head grilled over role in tax scandal

Former PwC head grilled over role in tax scandal

The former boss of PwC in Australia, Tom Seymour, has made his first public comments since resigning due to the tax advice scandal.

'Once-in-a-generation' change in corporate reporting

'Once-in-a-generation' change in corporate reporting

'Once-in-a-generation' change in corporate reporting

'Once-in-a-generation' change in corporate reporting

Smaller firms may be wary of new reporting obligations but the big end of town is calling for rapid passage of laws requiring honesty on climate-related risks.

Accountant to the stars jailed for fleecing $2m

Accountant to the stars jailed for fleecing $2m

Accountant to the stars jailed for fleecing $2m

Accountant to the stars jailed for fleecing $2m

High-profile musicians and restaurateurs are among the victims of an accountant jailed for stealing $2 million by siphoning client money into his own accounts.

PwC censured, fined almost $100,000 after tax leak

PwC censured, fined almost $100,000 after tax leak

PwC censured, fined almost $100,000 after tax leak

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

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Top bureaucrat rejects auditor's call to end 'dump day'

Victoria's auditor-general wants the state government to reconsider dumping hundreds of annual reports on parliament at once.

Audit finds minister's meeting breached probity rules

The auditor-general has highlighted a breach of probity in a meeting attended by now-retired minister Stuart Robert, but a department begs to differ.

NT's Tiwi council lacks fraud compliance, audit finds

One of four Northern Territory land councils has been found to lack any compliance with fraud laws, an audit report has found.

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