Abstracts » Business, general

Complaints heat is on

Article Abstract:

The parliamentary joint committee on corporations and financial services releases its report on problems with complaints and disciplinary procedures of the accounting bodies in Australia. The report suggests that the nation's three biggest accounting bodies - CPA Australia, the Institute of Chartered Accountants of Australia (ICAA), and National Institute of Accountants (NIA), have to intercede with the complaint and disciplinary processes standards set by Australian Securities & Investments Commission (ASIC).

Australia, Product standards, safety, & recalls, Standards, Surveys

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A potential for conflict

Article Abstract:

The failure of three of four accounting firms listed in past few years has prompted a debate in the profession whether accounting firms can be successful public companies. Insolvency is peppered with potential conflicts of interest like other accounting services.

Financial management, Analysis, Finance, Company financing, Bankruptcy, Company bankruptcy

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Insolvency alert on Harts

Article Abstract:

The board of accounting firm Harts Australasia appointed voluntary administrators on Oct 01, 2001. Former staff state that they repeatedly told directors and managers about solvency difficulties. They believe that signs of financial trouble emerged in Nov 2000.

Harts Australasia

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