Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREComyn shows ruthless efficiency as he cleans up AUSTRAC mess
Commonwealth Bank's chief executive Matt Comyn and chairman Catherine Livingstone have moved with a steely determination and efficiency to clean up the ugly allegations that the country's largest bank flaunted the country's money-laundering and counter-terrorism laws.
What about the argument that the $702.5 million penalty the bank has agreed to pay – money that would either have gone as dividends to shareholders or to shore up the bank's capital buffer – is too high a price to pay to settle the civil proceedings that AUSTRAC kicked off last August?
Read the full article at the Australian Financial Review.
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