Auditor-general Greg Schollum has told the country’s 12 port companies their performances can’t be compared, largely because of their different approaches to property valuation.
Read more →Accounting
2 accountants lose certificates for Capital + Merchant and Blue Chip audit failures
Published 22 April 2012 The NZ Institute of Accountants’ disciplinary tribunal censured 2 Auckland members, Peter McNoe & Robert Innes-Jones, on 16 April for breaching the institute’s code of ethics in their audit work. Both men had their certificate of public practice suspended for 2 years, can’t undertake audits of securities issuers for 5 years […]
Read more →ASIC ticks off auditor who missed Allco’s shift of $A1.9 billion into non-current
Published 8 December 2010 ASIC (the Australian Securities & Investments Commission) has given a light-handed reprimand to the KPMG auditor who signed off the financial report for Allco Financial Group Ltd & its controlled entities for the June 2007 financial year – and missed an $A1.9 billion misclassification. The $A1.9 billion was entered as non-current liabilities […]
Read more →Auditor suspended for Jaffe accounts
Auditor gave unqualified report on $A170m of non-earning intellectual property An Australian auditor has been suspended for three years for issuing an unqualified audit report for Auckland businessman Eric Isadore Jaffe’s company in 1995, even though the company’s claimed $A170 million of intellectual property had produced no revenue in 20 years. Suspension of Arthur John […]
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