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Accounting News
Tag: Accounting - ABC News (Australian Broadcasting Corporation)


KPMG mounts High Court challenge to ASIC's powers The corporate watchdog says it will vigorously defend a high court appeal by accounting giant KPMG over the Westpoint collapse. CEO report indicates solid industry recovery A poll of Australian chief executives shows growth in the country's manufacturing, construction and services sectors is expected to be reasonably solid, but uneven in 2010. Australian services sector remains weak Declining sales and another fall in employment, new orders and supplier deliveries drove further weakness in the nation's services sector in February. Financial planners want client compensation review The Financial Planning Association wants a broader review of client compensation. Financial planners have duty of care, inquiry says A parliamentary committee has called for changes in the law to impose a duty of care on financial advisers. Accountants back death of tax returns Accountants have welcomed a proposal to scrap tax returns. Ernst and Young offer $125m in Gwalia case Ernst and Young, the former auditors of the failed WA gold miner Sons of Gwalia, have agreed to a $125 million settlement. Services slide back in July after June rise A private survey has shown the services sector falling back in July after a positive month in June.