INSANE: 2 - The Real Truth

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

The Conversation · Jul 1

Rex misled with sky-high claims before $31.7m crash

A cash-strapped carrier which boasted it would deliver profits before turning a large loss has had another setback with a judge finding it misled the market.

AAP · Jun 30

Super platforms warned, again, to protect client funds

A regulator is on the warpath after a review of superannuation platform trustees came up short for the second time, potentially leaving clients exposed.

AAP · Jun 28

KPMG lost its clients’ trust, yet kept winning government contracts. Here’s what needs to change

This Friday, senior current and former leaders from major consulting and audit firm KPMG will face a barrage of questions at a parliamentary inquiry in Canberra.

The Conversation · Jun 16

Australia imposes record $211 million fine on collapsed broker Union Standard, representatives

Australia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker engaged in misconduct between 2018 and 2020. They targeted inexperienced investors, pressuring them to deposit more funds. This action resulted in millions of dollars in losses for customers.

The Economic Times · Jun 12

FED:Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

AAP · Jun 5

Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

AAP · Jun 5

'No procedure': watchdog defends keeping $3m KPMG contracts amid probe

Partnership loophole leaves watchdog powerless to discipline KPMG.

The Canberra Times · Jun 5

FED:'Unexplained gap' in case against ex-Rex directors

Four former regional airline directors will soon know their fate as the corporate watchdog's case against them draws to a close.

AAP · Jun 2

'Unexplained gap' in case against ex-Rex directors

Four former regional airline directors will soon know their fate as the corporate watchdog's case against them draws to a close.

AAP · Jun 2