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Showing 501 - 510 of 1306 results for "Audit"

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... are being downgraded on the basis of standards and processes that didn't actually exist at the time of the original audit. Responding, a spokesperson for AMP told Financial Standard : "Compliance has and will continue to be a fundamental aspect of ...

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
An activist short-seller has valued Rural Funds Management's agricultural fund as "ultimately worthless," alleging it is falsifying accounts and over-inflating assets. Bonitas is accusing RFM, the responsible entity for ASX-listed Rural Funds Group ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
An internal whistleblower has pushed NAB back into the spotlight, leaking documents revealing the extent of the embattled bank's risk management difficulties. As reported by The Sydney Morning Herald, minutes from a June 2018 meeting between NAB ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
The latest stakeholder survey shows the Royal Commission continues to hurt the regulator's standing in the financial services community. APRA's latest biennial stakeholder survey shows industry players are less impressed with the prudential ...

IFM Investors reports $114m in FY19 profits

KANIKA SOOD  |  MONDAY, 29 JUL 2019
IFM Investors wants to invest in its business and seek out more opportunities in Australia in the year ahead, as it posts $22 billion in net flows and $114 million in pre-tax net profit for FY19. The funds management powerhouse owned by industry superannuation ...

Pinnacle kicks off race to zero-fee ETFs

KANIKA SOOD  |  MONDAY, 29 JUL 2019
A local boutique is planning to launch Australia's first zero fee exchange traded fund. Pinnacle Investment Management is aiming to bring a zero-fee cash ETF to the ASX, managed by Omega Global Investors and says there may be room to implement the model ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... from a statutory role by another regulator. Kelvin Wright was disqualified for not gathering enough evidence during the audit of an SMSF where property and investments in unlisted trusts were reported at market value. Wright also failed to comply with ...

Industry fund appoints chair

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... over recent years in driving significant enhancements to the governance structure of CPS through her work on our Risk and Audit, Remuneration and Investment Committees," he said. Since 2015, Whan has brought outstanding experience to the board in terms ...

PM Capital LICs add director

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... former. He will also serve on the nominations and corporate governance committees of the Asian Opportunities Fund, and the audit committee of the Global Opportunities Fund. Knoblanche is a former managing director and head of Citigroup Corporate and ...

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... to obtain membership of the Australian Financial Complaints Authority (AFCA) and had breached its financial reporting and audit obligations. The suspension took effect at the end of March and ASIC was to decide whether to cancel the licence at the end ...