Accounting

Hin Leong’s $3.4 billion claim against Deloitte struck out by apex court

The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement.

Australia to boost scrutiny of Big Four accounting firms after wave of scandals

ASIC said it would continue a separate investigation into specific allegations involving KPMG.

KPMG UK to slash 200 back office roles in latest round of cuts

A person familiar with the situation said the cuts were part of the ongoing integration between KPMG’s UK and Switzerland arms, which merged in 2024.

Free AI courses for 60,000 accounting, finance professionals in S’pore under national programme

Second Minister for Finance and National Development Indranee Rajah speaking during ISCA’s annual dinner on July 3.

Australia proposes overhaul of consulting sector following scandals

‘Don’t insult our intelligence’: KPMG Australia slammed by lawmakers over latest audit scandal

KPMG is alleged to have misused confidential information from property developer Lendlease Group to win contracts with other corporate clients.

KPMG scandal deepens Big Four accounting firms’ woes in Australia

The Australian government said on June 16 that KPMG will not bid for new federal work until Sept 30.

Lendlease to change auditor as regulator probes KPMG Australia

Three KPMG Australia partners being investigated over whistleblower allegations the firm misused confidential client data to win lucrative audit contracts.

KPMG Australia CEO Andrew Yates resigns over whistle-blower allegations

The firm’s managing partner of audit and assurance, Julian McPherson, also stepped down.

CEO Insights

From number-crunching to decision-making: Teo Ser Luck on how AI is reshaping accounting

Outgoing ISCA president Teo Ser Luck said AI helps us work faster but judgement calls must still rest with the professionals.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.