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Thousands of accountants could ‘vacate advice space’ from January

Thousands of accountants could ‘vacate advice space’ from January

by Maja Garaca Djurdjevic | Dec 24, 2018 | News

Mr Conway said that imposing a new education structure on top of the existing structure will result in the possibility of thousands of accountants vacating the advice space. “No one disputes the merits of greater oversight, greater transparency and raising the bar on...
ASIC reviews allocations practices in equity raising transactions

ASIC reviews allocations practices in equity raising transactions

by Maja Garaca Djurdjevic | Dec 24, 2018 | News

ASIC has highlighted areas of improvement for both financial services licensees and issuers when raising equity on listed markets.”The fair and efficient allocation of securities in equity raising transactions promotes market integrity, improves market...
UK watchdog drops hammer on big 4 accounting firms

UK watchdog drops hammer on big 4 accounting firms

by Maja Garaca Djurdjevic | Dec 21, 2018 | News

The Competition and Markets Authority (CMA) has revealed serious competition concerns in the accounting industry and proposed significant legal changes to improve the audit sector.CMA said this week, it has identified a number of reasons why it believes audit quality...
Government commits $35m to boost ACCC’s capabilities

Government commits $35m to boost ACCC’s capabilities

by Maja Garaca Djurdjevic | Dec 20, 2018 | News

Corporates will face an increased level of scrutiny as the government’s investment ups the number of  ACCC investigators by 16, Treasurer Josh Frydenberg said this week.This will result in “an increase in cartel prosecutions and greater capacity to investigate...
ASIC reviews allocations practices in equity raising transactions

ASIC cancels AFS licence of Evermore Money Management

by Maja Garaca Djurdjevic | Dec 20, 2018 | News

Evermore’s licence was cancelled after ASIC undertook a surveillance and found that a representative of the company had advised clients to set up a self-managed superannuation fund (SMSF) and invest their superannuation in Evermore.ASIC found that Evermore:- failed to...
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