Business
ASIC faces its revenge of the nerds – The Australian Financial Review
ASIC’s auditing boss had warned the national audit office about costs charged by external contractors, just weeks before the office blasted ASIC over the same failing….
Notably, this included the ANAO, in Niven’s opinion, failing to properly examine “costs incurred with a major external contractor”, such as testing the invoices against the contract and reviewing the costs of the contract against the budget.
If it sounds familiar, that’s because it is. Shipton has been stood aside from ASIC after billing Mr & Mrs Suburban Australian the full $118,557 that KPMG charged to cover the cost of managing his tax affairs, despite ASIC originally agreeing to pay just $9500…
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