ATO reveals $6 million corrupt employee was just an APS5 Economy & Industry The status of an ATO employee convicted of corruption and accepting bribes raises fresh questions as to where the buck stops — or starts — at the revenue agency.
ATO chief pays tribute to Katf as departing CIO salutes team March 20, 2024 By Julian Bajkowski Communications & Technology Lack of a succession plan on Ramez Katf’s exit suggests a roll of the dice. An ambitious tax agenda makes backing a delivery winner crucial.
Tax tech chief Ramez Katf pulls the plug March 18, 2024 By Julian Bajkowski Communications & Technology The CIO and second commissioner of enterprise solutions and technology has told ATO staff he will leave the organisation within weeks.
Auditors caught out in SMSF audits March 15, 2024 By Tom Ravlic Economy & Industry The Australian Securities and Investments Commission says 15 auditors of self-managed super funds are wanting in terms of independence rules.
Corrupt ATO officer cops five years’ jail March 14, 2024 By Julian Bajkowski Economy & Industry The man pleaded guilty to corrupt conduct as a commonwealth officer, including taking a bribe of $150,000 to reduce tax debts.
Premium Insights and analysis Machiavelli, love and hate in the world of accounting and audit standard-setting November 26, 2023 By Tom Ravlic Economy & Industry Machiavelli might be more useful than all of the academics, accounting firms, legal gurus who have been bloviating on audit regulation.
Premium Insights and analysis Financial Reporting Council calls for greater imagination to fix auditing gaps November 10, 2023 By Tom Ravlic Economy & Industry The FRC wants more creative thinking in the design of regulatory solutions for auditing, with not every auditor category having oversight.
FRC instructs ASIC to improve audit quantity November 9, 2023 By Tom Ravlic Economy & Industry An FRC report into audit quality oversight says the Australian Securities and Investments Commission has reduced its number of audits.
Bragg 1, Longo 1: ASIC chair fronts parliamentary committee November 6, 2023 By Tom Ravlic Economy & Industry Joe Longo has now fronted a hearing held by the Parliamentary Joint Committee on Corporations and Financial Services; senator Andrew Bragg wasn’t there.
Bragg accuses ASIC of indifference to parliamentary oversight October 30, 2023 By Tom Ravlic Federal The absence of ASIC chair Joe Longo from senate estimates last week has caused Coalition senator Andrew Bragg some angst.
Premium Insights and analysis Treasury excises screen-scraping fintechs from the bottom of its shoe September 8, 2023 By Julian Bajkowski Communications & Technology Dangerous screen scraping could soon be banned, with risk appetites changing after millions of Australians had their personal data stolen.
Exclusive: Doug Niven resurfaces as acting chair of auditing standards board August 18, 2023 By Tom Ravlic Economy & Industry The former ASIC chief accountant steps into the top role at the entity responsible for developing and maintaining auditing and assurance standards.
Licensing report recommends ASIC do more reviews July 11, 2023 By Tom Ravlic Economy & Industry The PJC on Corporations and Financial Services is concerned about the number of ASIC licences transferred each year with minimal oversight.
Parliamentary inquiry to suss out public sector probity and ethics, lists five government organisations up for scrutiny June 29, 2023 By Melissa Coade Federal The joint committee of public accounts and audit will examine what systemic blocks are hindering the delivery of good government service.
Chalmers accused of ‘cover-up’ for not releasing report into ASIC deputy chair Chester March 13, 2023 By John Buckley Federal Labor faces pressure in the senate after it blocked an order to publish the findings of a probe into poor conduct among senior ranks at ASIC.