Most Recent
In her first speech as chair of ASIC, Sarah Court has called for regulation of Big 4 accounting firms in the wake of the KPMG whistleblower scandal and warned the collapse of property developer Bathla may be the “first significant crack” in the private credit market.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
Macquarie's board will no longer back the appointment of KPMG to replace PricewaterhouseCoopers as the group's auditor, following claims audit partners used confidential client information to win tenders.
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy.
A director of defunct Arrium has told a court he didn't believe it was necessary to revisit the steelmaker's iron ore price assumption before approving the company's 2014 accounts, even after the price fell significantly.
Ex-ACCC head Graeme Samuel has told a committee probing a KPMG whistleblower's claims that splitting audit services off from consulting firms is a "ridiculous" idea, instead recommending partnerships be regulated under the Corporations Act and "miscreant" auditors face "severe" penalties.
Collapsed steelmaker Arrium's former chief executive has testified during a shareholder class action trial that a five-year business plan projecting a 'V-shaped' turnaround was not an unrealistic pipe dream.
A massive dip in the price of iron ore in 2014 did not ring alarm bells for failed Arrium's then CEO, a court has heard, with the former boss denying that a capital raising that year was an urgent measure in the face of the potentially 'catastrophic' drop.
The funder that bankrolled a settled shareholder class action against directors of collapsed mining company CuDeco and KPMG may face a haircut to its proposed 35 per cent commission after a contradictor was appointed to scrutinise the reasonableness of the rate.
A judge has knocked back a class action’s bid to revise its claims against KPMG and former Arrium directors mid-trial, saying the amendments made for a "vastly different" case.