The ASX code was written by, and for, corporate insiders. The council that regulates it is not monitored by a government body, and its members are not elected.
CEO of CPA Australia, Alex Malley, has come under fire for the amount he’s paid in light of public scrutiny.
Alex Porritt/AAP
The amplified public concerns about executive pay that led to the cementing of reporting and disclosure into law, may start trend of voluntary disclosure among professional bodies.
Australian accountants are concerned new industry standards which ban “conflicted remuneration” such as commissions on insurance in in conflict with financial planning legislation.
Right now, the Australian accounting industry is in uproar about financial planning. The new standard APES 230 Financial Planning Services, issued by the Accounting Professional and Ethical Standards Board…
A quarter of retirees are using their superannuation lump sum to pay off debt: is this poor planning or the result of tax incentives?
Will extra debt neutralise increases in the superannuation contribution rate? Studies of retirees’ financial positions show that many people accumulate debt faster than they add to their super. Once they…