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Showing 191 - 200 of 1305 results for "Audit"

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... customers was stolen. In some good news, the Sacramento County Employees' Retirement System said that while it uses the death audit services of Berwyn Group, which recently merged with PBI, none of its member data was accessed in the hack. Law firms ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

IFM Investors names chair

CHLOE WALKER  |  MONDAY, 26 JUN 2023
... serves as the group's deputy chair, chair of the people and remuneration committee and member of the IFM board's audit and risk committee, has been a director of the industry super fund-owned global funds manager since 2019. She brings over 20 ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
A parliamentary inquiry into Australia's audit sector has been launched following PwC's tax leak scandal. Undertaken by the Joint Standing Committee on Corporations and Financial Services, Senator Deborah O'Neill advised the inquiry will ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
Despite the inquiry continuing, a Senate committee has concluded that PwC deliberately covered up the actions of its staff and the plans to monetise the confidential information at the heart of its tax leaks scandal. A report published by the committee ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... compliance audits in relation to personal advice provided to retail clients, with a minimum of 12 months between each successive audit, starting in 2023. The FSCP typically oversees lesser offences and can issue warnings or reprimands; order mandatory ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... returns received by the member. "It would also be based on new reporting by super funds that has not yet been subject to audit and quality assurance. There is a real risk the performance test results will be wrong," AMP warned. "In the interest of consumers ...

Former Big Un executive smacked with insider trading charge

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
Andrew Corner, the former chief financial officer of defunct Australian tech company Big Un, has been charged with insider trading. In 2018, Big Un experienced a spectacular surge before allegations surfaced that it was paying commissions to a financial ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments. As reported by Financial Standard, Treasury ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...