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Showing 1 - 10 of 921 results for "Failing"

Former Big Un chief escapes prison time for insider trading

MATTHEW WAI  |  MONDAY, 28 SEP 2026
... between 2016 and 2018. Auditors for Big Un Graham Rothesay Swan and Jakin Leong Loke were also disciplined and suspended for failing to conduct audits of Big Un in compliance with auditing standards. Communicating inside information is an offence under ...

Retirement confidence lags as investors turn to AI

VINNY VUCAGO  |  WEDNESDAY, 23 SEP 2026
... highlighted a gap between perceived and actual investment knowledge, with 70% of investors who described themselves as experts failing to correctly answer three basic financial literacy questions. Artificial intelligence (AI) is increasingly becoming ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... false Project updates, moving funds between related accounts, using family members, trusts and companies to hold assets, failing to provide accurate accounts and failing to disclose the true application of advances." He said he did not discover discrepancies ...

Australian Fiduciaries auditor suspended for three years

RIDDHIMA TALWANI  |  WEDNESDAY, 16 SEP 2026
Queensland-based Australian Fiduciaries' auditor Cameron Bradley, formerly a partner of PKF Brisbane Audit, has been suspended for three years by the Companies Auditors Disciplinary Board (CADB) until 30 June 2028. The board found Bradley failed ...

Active equity managers lag benchmarks: SPIVA

VINNY VUCAGO  |  TUESDAY, 8 SEP 2026
... of index investment strategy Sue Lee said. Australian equity general funds were among the weakest performers, with 78% failing to beat the S&P/ASX 200, which gained 2.4% during the period. The average active fund returned 0.2% on an equal-weighted basis ...

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
Macquarie's board has rejected KPMG as its auditor starting 2027 and will instead proceed with incumbent auditor PricewaterhouseCoopers (PwC). This comes after Macquarie chair Glenn Stevens was grilled at the August 14 parliamentary hearing over the ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
... Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to First Guardian after failing to obtain and assess sufficient information about the fund and make adequate independent enquires into its risks. Netwealth ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
ASIC commissioner Simone Constant has urged superannuation trustees to make good use of member data to better understand their needs as they move towards and through retirement. Speaking at an industry event, Constant said retirement is seen as an isolated ...

Macquarie puts KPMG audit under formal review

RIDDHIMA TALWANI  |  FRIDAY, 14 AUG 2026
Macquarie Group chair Glenn Stevens said the investment giant is formally inquiring into KPMG's capability to deliver its audit, as well as the conduct of the audit itself, at the latest parliamentary inquiry into the consulting firm. "In a nutshell ...

Super funds failing on death benefit comms: SCA

RIDDHIMA TALWANI  |  MONDAY, 10 AUG 2026
New research by Super Consumers Australia (SCA) found two-thirds of Australians have not been contacted by their super fund over the past year encouraging them to make a binding death benefit nomination. The Your Say on Super survey showed at least ...
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