Risk & Compliance news in Australia

An overview of news, trends and research in Risk & Compliance consulting in Australia:

PwC launches Gen AI tool to streamline regulatory compliance Professional services firm PwC has launched a new tool in Australia designed to help businesses streamline compliance by compiling and tracking their ever-evolving regulatory obligations.
27 November 2024
The clock is ticking on APRA’s new operational risk management regulation The forthcoming Operational Risk Management regulation from APRA will have a significant impact on financial institutions.
20 September 2024
Lockton launches risk consulting practice in Australia Insurance broker and consultancy firm Lockton has launched a risk consulting business in Australia, naming Ben Crowther as head of the new offering.
02 September 2024
Preparing for climate reporting: Find the gaps and be ahead of time Australia’s business landscape is preparing for numerous new climate reporting regulations.
26 August 2024
The time is now for APRA-regulated entities to prepare for CPS 230 From 1 July 2025, entities regulated by the Australian Prudential Regulation Authority (APRA) must comply with a new Prudential Standard for Operational Risk Management, which outlines review of oper
26 August 2024
How to assure the implementation success of new legislation Anthony Honeyman, National Consulting Lead at Proximity, outlines how government leaders tasked with the nation-wide delivery of new legislation can work towards implementation success.
13 August 2024
Banks argue CDR costs too high for limited consumer uptake With the support of Accenture, the Australian Banking Association (ABA) has released its latest strategic review of the country’s consumer data right regime, revealing an underwhelming level of uptak
08 July 2024
Preparing for ISSB standards and climate-related financial disclosures The forthcoming IFRS S1 and IFRS S21 standards represent one of the most significant shifts in financial reporting in decades, marking the next step in sustainability reporting standards.
21 September 2023
The double-edged sword of applying AI to compliance Artificial intelligence (AI) has the potential to be a substantial help for the growing number of regulated entities in Australia, but only if its design and use is well understood, writes George Dra
19 September 2023
IFRS S1 and IFRS S2 sustainability standards: What do they mean? In June 2023, the International Sustainability Standards Board (ISSB) released its inaugural sustainability standards, IFRS S1 and IFRS S2, establishing a global common language for sustainability di
18 July 2023
Nancy Xie (South Pole) on the new IFRS S1 and IFRS S2 standards Last month, the International Sustainability Standards Board (ISSB) released its first two standards: the IFRS S1 and IFRS S2.
06 July 2023
Ring-fencing to balance risk and accountability In the wake of a number of scandals across Australia’s public and private sector, ring-fencing has become a much-debated topic in media and governance circles.
26 June 2023
Governance dangers that come with ring-fencing provisions In the aftermath of a number of scandals, leaders across government and private sector are reviewing their ring-fencing provisions in order ensure information is not misused within their organisation
14 June 2023
ACCC brings in DXC Technology for Consumer Data Rights project The Australian Competition and Consumer Commission has brought in DXC Technology to manage its Consumer Data Rights platform.
17 May 2023
Risk management and financial planning in construction The construction industry has faced significant challenges in recent times, including rising costs, increased competition, and a tightening credit market.
26 April 2023
Driving continuous improvement across the assurance lifecycle Assurance is critical to good governance of any business.
06 March 2023
Developing processes that support evolving compliance requirements When it comes to running a business, there are many external requirements that need to be met.
23 February 2023
Half of banks 'not ready' for upcoming ESG regulatory reporting Banks globally are lagging in their readiness for upcoming regulatory reporting in the ESG space, according to a new report by Avanade and the European Financial Management Association.
17 July 2022
Corporate integrity landscape faces an execution gap, says EY Despite increased efforts, a new survey from EY has revealed standards of corporate integrity have failed to improve since the beginning of the pandemic according to most respondents.
02 March 2022
EY partners with Microsoft for CDR compliance in energy sector As the Consumer Data Right compliance deadlines draw closer for the energy sector, Ernst & Young and Microsoft have come together to offer a new service aimed at reducing risk and cost.
15 December 2021
Leveraging data analytics to prevent bribery and corruption Kroll has released its Global Fraud and Risk Report, an in-depth study into the state of fraud in 17 countries worldwide.
19 October 2021
NAB working with Accenture on massive compliance fix Consulting giant Accenture is reportedly working with the NAB on a “mammoth” project to fix the long-standing compliance issues which have recently led to increased regulatory scrutiny.
15 June 2021
Universities hire McGrathNicol to assess foreign interference risk A set of Australian universities have tapped McGrathNicol to help assess the potential risk of foreign interference in their research programmes – with a focus on threats from China.
29 April 2021
RegTech startup 6clicks founded by ex-KPMGers ropes in $5 million 6clicks has raised $5 million in a new funding round, adding to $2.2 million raised in July last year.
15 February 2021
Australia the world's third largest RegTech hub, says BCG Australia is home to well over 10% of the world’s regulation technology (RegTech) companies, behind only the US and the UK in global market share.
28 October 2020
Achieving outcomes with the Commonwealth Performance Framework The Commonwealth Performance Framework has been embedded in legislation for seven years. All Australian Government agencies must meet their obligations – to plan, measure and report.
27 September 2020
BDO shuts its local cyber and risk unit in Western Australia Professional services firm BDO has closed down its local cyber and risk advisory unit in Western Australia.
01 July 2020
Design and Distribution Obligations an opportunity for insurance In a new report, PwC has highlighted how the new design and distribution obligations (DDO) that are set to take effect in April next year could be an opportunity rather than an obstacle for insurance
06 May 2020
Bribery, corruption and fraud on the rise due to covid-19 The degree of fraud, corruption and financial crime is expected to rise in the coming period, now that Australian organisations and people are turning most of their efforts towards grappling with the
07 April 2020
Ashurst launches risk & compliance consulting arm Global law firm Ashurst has launched a consulting arm in Australia, aimed at supporting clients with the sea of risk that has emerged in the thick of the Covid-19 crisis.
01 April 2020
Growing the next generation of project controls Evidence-based insights from experts in the field of project controls are invaluable for decision making leading to project success.
24 March 2020
KPMG and Thomson Reuters team up for FBT compliance solution KPMG has forged a strategic partnership with Thomson Reuters to leverage the its Fringe Benefits tax (FBT) compliance software Onesource to better support tax clients across Australia.
26 February 2020

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