Financial Services Archive

Change for change sake isn’t a smart move

We all know the age old adage – “If it isn’t broken, don’t try and fix it”. This applies to so many things in life but sometimes the unintended...

Overcoming Conflict of Interest Concerns with Audits

Audit firms provide an essential service to capital markets. By building a basis for trust and confidence in financial reporting, auditors help firms manage financial risk, reduce financing costs...

So you want to be an analyst?

ACCA’s recent report on the future of professional accountants identified that ‘expert use of analytics will enable better and close to real time reporting, more predictive analysis and greater...

No Deduction for Non-Compliant Payments

From 1 July 2019, businesses can only claim deductions for payments made to workers if they have complied with applicable PAYG withholding and reporting obligations. This article discusses the...

Claim trends that every accountant will want to know

With the transition into a new financial year these are some claim trends that the Accountancy Insurance Claims team have identified over the last 12 months which may be...

Catfishing Exposed – SMSF Auditor Number Fraud

Mis-use of Auditor Numbers

Over 600 tax practitioners have either deliberately or mistakenly mis-used an SMSF auditor number, with the ATO detecting over a thousand instances of potential fraud.

“Some practitioners...

Crowd Sourced Funding: A Potential Nightmare for Banks

Having to go ‘cap in hand’ to banks for money is quickly becoming a thing of the past for many small and medium sized business owners looking to grow...

new-year-ahead-sign

EOFY reporting under STP – why it is easier

This end of financial year is the first under Single Touch Payroll (STP) for many of your clients. The most significant and time-saving benefit of reporting information via STP...

How Can You Balance Audit Quality and Financial Outcomes?

Audit quality concerns continue to attract headlines around the world despite the ongoing efforts of international review bodies to address issues relating to conflict of interest and lack of...

What happens when a SMSF member dies?

Dealing with the death of a SMSF member is inevitable and often a complicated process. It’s crucial that the situation is dealt with in a practical and professional manner....

From Accountant to Internal Auditor – Opportunity for Growth

Internal audit and compliance audit are both very essential functions in any organisation. In recent years, both services have risen in importance, signifying critical control components of an organisation’s...

Crowd Sourced Funding: Knowledge is the Key

The former Chairman of Greencross Limited and Accountancy Industry Consultant, Andrew Geddes, believes Australia’s accountants and business advisors are not doing enough to stay abreast of new financial developments...

“What sank the titanic?…” the top of the iceberg or the bottom!”

…asks Peter Hickey, President of the Institute of Business Advisors & CEO of MAUS. “What concerns me is that so many people are starting or building a Business Advisory...

Class provides detailed analysis of newly established SMSFs – March 2019 SMSF Benchmark Report

6 May 2019 – Class has released its SMSF Benchmark Report for March 2019. This quarter’s special feature casts a spotlight on the characteristics and trends of newly established SMSFs,...

Crowd Sourced Funding Equity Raising Report Card

The other day I was speaking to an accountant that I met at a conference a few years ago and he asked me what I had been working on...

Communicative Auditors Add Value

The value of a call from Saul

Recent court decisions highlight situations where the Auditor did not seek sufficient and appropriate evidence that the assets and liabilities of the fund...

Show Buttons
Hide Buttons