Financial Services Archive

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...

12 STEPS TO SUCCESSFUL SME CAPITAL RAISING

By now you will probably have heard about Crowd Sourced Funding Equity Raising (CSF) and just how powerful an option it is for your small and medium sized...

Should the audit client be accepted?

When accepting a new audit engagement, you may encounter the following risks:

  1. you’ll make a mistake;
  2. key issues will be overlooked;
  3. the client will question the value of the service; or

Progress of bills pre-Budget

In our latest Banter Blog, with limited sitting days ahead of the Federal Budget on 2 April 2019 and the expected Federal election in May 2018, we summarise the...

As with most things, complex SMSFs cost more to run

No two SMSFs are the same, so what’s with low-cost, flat-fee bundling?

The ATO and ASIC have been monitoring the practices of Auditors and are closely watching bundled packages and...

16 Step Guide to Crowd Sourced Funding Equity Raising

Crowd Sourced Funding Equity Raising represents the biggest change in small business and medium sized business financing arrangements in Australia over the last 35 years!

We have produced a “16...

Class Media Release – December 2018 SMSF Benchmark Report – How SMSFs invest in managed funds

5 February 2019 – Class has released its SMSF Benchmark Report for December 2018, which includes a detailed feature on the asset allocation preferences of over 3,000 managed funds.

In...

Labor’s tax and superannuation policies

In our latest Banter Blog, we summarise the Opposition’s tax and superannuation policies as we head into election season. What can we expect should Labor form government at the...

Linked SMSF services and legal risk

Take a fresh look at the pros and cons of full service SMSF firms and alliances

It may appear to SMSF Trustees that having all services – accounting, auditing, administration...

7 steps to effectively manage the scope and price of audit services

Audit and assurance services are increasingly under price pressure as audit firms compete for business. It can be a challenge not only to get clients across the line with...

Mid-Year Economic and Fiscal Outlook 2018–19 [MYEFO]

On 17 December 2018, the Government released the Mid-Year Economic and Fiscal Outlook 2018–19 (MYEFO). The MYEFO provides updated information on the Government’s fiscal position and includes policy...

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