A series of cases from the development and sale of Manly units has left developers, advisers and the ATO all confused.

A recent High Court decision has highlighted the difficulty in relying upon the illegality defence to defeat a claim in the context of a professional negligence claim, where a claimant is claiming losses flowing from his conviction for a strict liability criminal offence.

The new car sales industry experienced a 1.9% decline in vehicle sales for the October 2014 calendar YTD.

The new car sales industry in Australia experienced a 1.9% decline in vehicle sales for the October 2014 calendar YTD.

Overview major Budget announcements in Australian Federal Budget 2011/12

Functions the national regulator may undertake

With significant expertise in the NFP sector throughout Australia, we can draft an audit solution for your organisation.

Australian court decision provides much-needed clarity on claims for misleading and deceptive conduct.

Only mature finance functions will be able to deliver on high expectations while remaining cost effective and efficient.

Future economic growth in Europe remains tenuous at best and the risk of another recession cannot be discounted.

In an important decision last week, the Court of Appeal considered whether or not a company which had committed fraud could nevertheless claim against its own auditors for failing to detect and report that fraud.

The Australian economy outperforms most of the developed world and should transition to non-resource drivers of growth.

Waves from the tsunami that was the Madoff fraud have washed ashore in Bermuda, the British Virgin Islands (BVI) and the Cayman Islands.

There are close to 100 Jersey companies listed on stock exchanges globally, including London, New York, Hong Kong, Toronto, Luxembourg and Oslo, as well as the Channel Islands Stock Exchange, with a total market capitalisation in the region of £135 billion.

Failing any further deterioration in the global economy, the RBA could keep interest rates on hold for the next quarter.

There have been a number of important recent decisions which will impact upon accountants' potential liabilities.

Furthermore, in cases of management fraud, causation arguments may prove to be a major battleground.

In an important decision, the Commercial Court considered whether or not a company which had perpetrated a fraud could claim against its auditors for failing to detect and report that fraud. Even though this involved the company relying on its own fraud, the Court nevertheless held that it could continue with its claim against the auditors.

The International Monetary Fund (IMF) expects global economic growth to improve modestly throughout 2014 and 2015.