Stephen Mayne
speaker
4,168 appearances
11 recordings
1 series
first heard Apr 2026
last heard 8 Sep
Stephen Mayne’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jul 2026 with 4.
Appearances
Although these companies are all still worth $2, $3, $4, $5 trillion when you list them all.
So as long as they're worth $20 trillion collectively, the big AI players...
They've got a lot of equity they can work through as well to keep funding their AI.
They don't have to necessarily go to the bond market, which is now pricing debt.
It's very expensive to borrow, more expensive than 10 or 15 years in most
Stephen?
Well, this is an easy one, BR, because neither of those two scandals are actually about audit quality or scandals about fictitious accounts.
At their core, they're about misuse of
of confidential information for commercial gain, in KPMG's case to try and win audit contracts, in PwC's case in helping multinational clients dodge Australian taxes, which they advised on.
which was extraordinarily egregious.
But, look, no one is suggesting that the audit standards in Australia have been compromised and you can't trust the accounts anymore.
But, yeah, these two firms have had their biggest ever scandals.
It's damaged them a lot.
But I don't think it's systemic in terms of that the numbers don't add up and you can't trust their audits.
Well, overall, I think you can.
I mean, some of these private credit firms have been blaming their delayed accounts for KPMG not signing off.
And that sounds like a case of...
These accounts don't look too flash.
We're not going to sign them.
So that's the auditor's job, corporate travel management.
Showing 181–200 of 4,168 · page 10 of 209
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