Stephen Mayne

speaker

4,460 appearances 12 recordings 1 series first heard Apr 2026 last heard 2d ago

Stephen Mayne’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.

Appearances

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The Money Café with Alan Kohler · Housing's Perfect Storm · 8 Sep 2026 podcast

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.

I mean, I think you do get a lot of cases of audit firms forcing stuff.

I mean, I had an amusing one last week.

I like to track the last day laggards, so companies that wait until the last day to announce their profits.

And there's a company called Grange Resources, which is based in Burnie, Tasmania and controlled by a Chinese government-owned entity.

And I ran for their board last year saying you should have a hybrid AGM.

And if I'd been able to go to the meeting, I would have been saying, well, hang on, you reckon you're worth $1.3 billion, yet the accounts only say you're worth $300 million.

What's going on?

So PWC is the auditor.

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