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The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
Diversa has been grilled by a parliamentary committee for its refusal to admit failures over the now defunct First Guardian fund, as ASIC reveals it has launched two additional investigations against the super fund trustee.
As residential developer Bathla struggles to secure more funds to stay afloat, the Australian Securities and Investments Commissionr told a senate committee hearing it had been concerned about the private credit market for the past 24 months.
The Australian Prudential Regulation Authority has imposed a $50 million capital penalty and other licence conditions on ING Australia, after the bank breached minimum liquidity requirements over several years.
A Federal Court judge has ordered small loan provider CashnGo to pay $3.5 million after it admitted to using unfair terms in customer contracts.
AUSTRAC is investigating Western Union over concerns about management of high-risk payment channels and customers.
A class action has told the Federal Court that franchisees of defunct Westpac subsidiary RAMS felt targeted and discriminated against after being flagged for "suspected anomalies" during an investigation.
Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
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.
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.