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Money laundering is big business, with an estimated $15 billion laundered annually in Australia. When coupled with the impression of respectability, legitimacy and credibility, the gatekeeper role played by accountants makes them prime targets for money launderers. For the full story see page 6.
The accounting industry is undergoing substantial change, driven by technological disruption and hyper-competition. This has been felt by firms in several ways, from their own succession planning to simply winning enough work. Their clients have noticed the changes too, which is evident in the results of Beaton’s annual Client Choice Awards research study. For the full story see page 5.