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NSW Police issue warning about TeamViewer enabled remote access scams – 6 September 2019

by admin | Sep 6, 2019 | News & Analysis

NSW Police has advised that the public should not allow unknown people to remotely access their computer which will let them access banking and email data....

ASIC bans News South Wales director from managing corporations for five years – 6 September 2019

by admin | Sep 6, 2019 | News & Analysis

Ms Elaine Ayoub was disqualified from managing companies for a period of five years. It was found that BAS and income tax returns were not lodged, companies were trading whilst insolvent, financial records were inadequate and she did not discharge her duties as...

ACCC toughens up on cartel immunity policy, launches whistleblower tool – 6 September 2019

by admin | Sep 6, 2019 | News & Analysis

Australia’s competition regulator the ACCC has strengthened its cartel immunity and cooperation policy – and launched a whistleblower tool to facilitate anonymous reporting of cartel activities....

Botched Audits: Big Four Accounting Firms Fail Many Inspections – 5 September 2019

by admin | Sep 5, 2019 | News & Analysis

In the most recent annual inspections of the U.S. arms of the Big Four for which the oversight board has reported results, inspectors found that each firm botched at least 20% of their audits. In some cases, they were so bad that the accounting firms had no business...

Bank of Queensland, Bendigo and Adelaide Bank sued by ASIC over ‘unfair’ contracts – 4 September 2019

by admin | Sep 4, 2019 | News & Analysis

Many banks have “non-monetary default” clauses in their loan contracts, particularly for business customers. ASIC is taking Bank Of Queensland, Bendigo and Adelaide Bank to court, alleging such clauses are unfair and should be unenforceable. There are no...

Secret penetration tests, fines for banks under PayID security crackdown – 3 September 2019

by admin | Sep 3, 2019 | News & Analysis

Australian banks and credit unions will have increased pressure to tighten controls and security PayID systems as their transactional systems are secretly penetration tested.  This is to find deficiencies and stop fraud....
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