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Accounting

Yesterday

Slow ASX is an insult to traders

Readers’ letters on tardy trade times for investors; outdated management styles at Qantas; Peter Dutton and the ABC; non-uni pathways to accounting; and AUKUS decisions.

This Month

Assistant Treasurer and Minister for Financial Services Stephen Jones.

Chartered Accountants demands changes to revised tax agent rules

The accounting body fears that proposed laws to rein in rogue tax agents would erode “the relationship between a taxpayer and their agent”.

  • Edmund Tadros

September

Cettire has spent most of the year battling to convince investors of the merits of its drop-shipping business model for luxury goods.

Cettire gets auditor’s tick of approval, adding $247m to valuation

A month after the online luxury retailer delivered unaudited accounts, worrying investors, Grant Thornton have signed off, sending the share price surging.

  • Updated
  • Jonathan Shapiro, Joshua Peach and Carrie LaFrenz

The most powerful people in the consulting sector in 2024

As the fallout from the PwC scandal still looms large, smaller operations are moving in on the big four’s turf.

  • Edmund Tadros
PwC in Shanghai faces a substantial fine and suspension over its failings with Evergrande.

PwC banned from China for six months and fined record $92m

Chinese authorities imposed a huge fine on PwC and suspended the accounting firm from operating over failures in auditing the collapse of real estate giant Evergrande.

  • Trista Xinyi Luo
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Accounting professors say a plan to let school-leavers with no degree become chartered accountants risks tarnishing the profession’s reputation.

Degree-free accountants risk undermining profession, unis warn

A proposal to let school-leavers with no degree become chartered accountants risks tarnishing the profession’s reputation, warn leading accounting professors.

  • Euan Black
Assistant Treasurer and Minister for Financial Services Stephen Jones.

Deal struck on laws to rein in rogue tax agents

The government and accounting industry have agreed to new wording for laws to rein in rogue tax agents to quell industry fears they would have to disclose mental health information to clients.

  • Edmund Tadros
Molly Lim, founder of Above Advisory, an accounting firm.

Uni asks students to pitch accounting in 60 seconds

UNSW Business School is offering $10,000 in prizemoney for students who create the most compelling 60-second social media pitches about doing an accounting degree.

  • Edmund Tadros
Assistant Treasurer Stephen Jones.

Labor shift over crackdown on tax agents

The new stance was announced after a meeting between Assistant Treasurer Stephen Jones and a coalition of 10 professional associations.

  • Edmund Tadros
Tony Nguyen the tech traineeship ...

How to get a white-collar job without a degree

University enrolments are declining as more high-school leavers like Tony Nguyen skip campus and head straight to the workforce.

  • Euan Black
The population of NSW has reached more than 8 million.

Shake-up means you can become a chartered accountant without a degree

Chartered Accountants Australia and New Zealand is addressing the sector’s labour shortages by making it easier for people without a degree to become accountants.

  • Euan Black
A scathing review into consulting firm PwC was released yesterday.

PwC UK to track workers’ locations in office attendance crackdown

The big four firm will send British employees their monthly working location data as it toughens up on its hybrid working policy.

  • Chris Price, Alex Singleton and Lucy Burton

August

Assistant Treasurer Stephen Jones.

Tax agents won’t have to disclose mental health help: government

The government has again denied claims tax agents would have to disclose private mental health information to clients, and is open to tweaking the new laws.

  • Edmund Tadros and Tom McIlroy
CA ANZ chief executive Ainslie van Onselen, columnist Peter van Onselen and mental health expert Professor Patrick McGorry.

McGorry ‘taken out of context’ by CA ANZ chief van Onselen

Patrick McGorry says he was taken out of context in an opinion article by Chartered Accountants ANZ chief executive Ainslie van Onselen about proposed new laws to rein in rogue tax agents.

  • Updated
  • Edmund Tadros and Myriam Robin
CA ANZ chief executive Ainslie van Onselen, columnist Peter van Onselen and mental health expert Professor Patrick McGorry.

The Mail and the accountants: a Peter van Onselen story

Most would run a mile from this sort of thing. But that’s never been Peter van Onselen’s style.

  • Updated
  • Myriam Robin
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People think our job is boring: accountants lament image problem

Almost half of surveyed accountants and bookkeepers believe their industry has an image problem, and most say the sector is seen as boring.

  • Edmund Tadros
Amy Lomas is PwC’s new chief economist.

New PwC chief economist’s top tips for business leaders

Managing costs and increasing productivity are even more important while inflation is high and it’s difficult to find the right staff, Amy Lomas says.

  • Edmund Tadros
One of the potential investors is private equity giant Blackstone.

Private equity circles Grant Thornton’s UK business

Carlyle, Blackstone, Permira, CVC Capital Partners and Bridgepoint are among buyout firms that could result in a $2.9 billion valuation for the business.

  • Simon Foy, Alexandra Heal, Ivan Levingston and Stephen Foley
CA ANZ CEO Ainslie van Onselen, Assistant Treasurer Stephen Jones and TPB chairman Peter de Cure.

New rules will stop tax agents seeking mental health help: CA ANZ

The claims about new laws designed to rein in rogue tax agents were denied by the government and the chairman of the tax regulator.

  • Edmund Tadros
Professor Patrick McGorry, psychiatrist and leading mental health advocate, supported the call for clarification.

Tax agent code shouldn’t invade right to mental health privacy

These new obligations will disincentivise seeking mental health treatment and cause fear that a diagnosis could trigger disclosure rules and hurt business.

  • Ainslie van Onselen

Original URL: https://www.afr.com/topic/accounting-hug