Up to a third of staff at some of the nation’s top firms work in countries such as India and the Philippines as leaders cut costs and search for hard-to-find skills.

The Financial Review list shows that mid-tier accounting firms reached an unprecedented size as revenue at the big four consulting firms fell to a two-year low.

Advisers still need time to adapt to reforms to the regime’s scope and penalties that kicked in just six months ago, the body has warned.

Xero shares closed up almost 6 per cent on Thursday as its interim net profit increased 76 per cent to $95m. But while its major lift in Australian customers could spell bad news for the Kohlberg Kravis Roberts-owned rival MYOB, analysts believe that this is not necessarily the case.

ADM, one of the world's largest grains businesses, remains mired in the fallout from the accounting scandal that first arose ... Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act ...

The accounting profession is currently the focus of lawmakers trying to work out how best to legislate to improve professionals’ behaviour and minimise harm to the community following PwC Australia’s much-publicised breach of confidentiality almost a ...