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The main professional body for accountants has yet to investigate or take any disciplinary action against KPMG Australia partners or staff over “systemic” exam cheating.
The corporate regulator has permanently banned Ross Andrew Hopkins from providing financial services after it found he had made 167 unauthorised transfers totalling $2.94 and used stolen funds for personal use.
The Government’s proposed compensation scheme of last resort will likely have a future cost of advice failures that is $8 million higher than the Government forecasts.