ACCOUNTING FIRMS – AUSTRALIA

Firms count on confidence

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Original article by Chris Merritt
The Australian – Page: 21 : 28-Nov-14

Commonwealth Bank of Australia has issued its first "Accounting Market Pulse" survey, commissioned from Beaton Research + Consulting. The findings for September and October 2104 indicate that accounting firms in all states except South Australia predict revenue to increase. The ratio of respondents stating that trading conditions are positive is net 15%, while that of firms forecasting the same for 2015 is 50%. This is better on both counts than for law firms, with researcher George Beaton noting that accounting groups offer a wider range of services to their clients

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BEATON RESEARCH AND CONSULTING PTY LTD

Google, PwC’s global alliance

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Original article by Agnes King
The Australian Financial Review – Page: 3 : 29-Oct-14

Luke Sayers, CEO in Australia for global accounting firm PricewaterhouseCoopers (PwC), has announced a new alliance with web search engine services group Google. The latter’s enterprise MD in Australia, Kevin Ackhurst, notes that while both entities are still free to strike deals with the respective partner’s rivals as well, in some areas there will be an exclusive arrangement. The aim of the new collaboration is to offer consulting services to businesses affected by digital disruption. PwC will also resell and install Google’s Apps for Work suite of office software products

CORPORATES
PRICEWATERHOUSECOOPERS, GOOGLE AUSTRALIA PTY LTD, GOOGLE INCORPORATED, DELOITTE TOUCHE TOHMATSU LIMITED, QUATTRO SYSTEMS PTY LTD

Trilogy takes action against KPMG, partner

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Original article by Sarah Danckert
The Australian – Page: 18 : 2-Oct-14

A lawsuit is being launched by Trilogy Funds Management against KPMG partner Jillian Richards, as well as the accounting firm. They are accused of unconscionable, misleading and deceptive conduct, in relation to the City Pacific First Mortgage Fund. Trilogy assumed management duties for the entity when parent City Pacific collapsed in 2008-09, and claims that KPMG performed a flawed audit. However, no action over the affair has been taken by the Australian Securities & Investments Commission

CORPORATES
TRILOGY FUNDS MANAGEMENT LIMITED, PACIFIC FIRST MORTGAGE FUND, CITY PACIFIC LIMITED, KPMG AUSTRALIA PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Shake-up as accountants beef up law

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Original article by Katherine Towers
The Australian – Page: 27 : 22-Aug-14

Major accounting firms PricewaterhouseCoopers (PwC), Ernst & Young (EY) and KPMG are increasingly diversifying into the legal services market, including in Australia. The local arm of the global PwC firm has appointed former King & Wood Mallesons managing partners Tony O’Malley and Tim Blue. The Australian tax dispute management practice leader at KPMG, Jeremy Geale, says its legal division will grow 100%-plus in the coming years, while EY Asia Pacific law leader Howard Adams says it will have recruited 200 new lawyers by mid-2015

CORPORATES
PRICEWATERHOUSECOOPERS, KPMG AUSTRALIA PTY LTD, ERNST AND YOUNG, KING AND WOOD MALLESONS, HERBERT SMITH FREEHILLS PTY LTD, McCULLOUGH ROBERTSON, DELOITTE LAWYERS PTY LTD, DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIA. BOARD OF TAXATION, ENRON CORPORATION

PwC revenue soars after client overhaul

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Original article by Andrew White
The Australian – Page: 19 : 23-Jul-14

Luke Sayers, CEO of the Australian operations for global accounting group PricewaterhouseCoopers (PwC), has announced revenue growth of 7% to $A1.57bn for 2013-14. The healthy demand for its services among existing clients was supplemented by the strong contribution of the Booz & Company consulting firm, acquired during the year and now known as Strategy&. Sayers also noted that PwC is creating a new unit for digital change management advice, as part of a four-year restructuring push

CORPORATES
PRICEWATERHOUSECOOPERS|BOOZ AND COMPANY (AUSTRALIA) LIMITED|MGI MELBOURNE PTY LTD