Audit Archive

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...

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...

Technology and the Future of Audits

The emergence of new audit technology has had an enormous impact on the audit profession. Machine-learning based tools can rapidly analyse hundreds of documents and identify key areas of...

SMSF Industry Summary Report – Proposed 3 Year SMSF Audit Cycle

Saul SMSF recently conducted a survey to understand the impact of the Federal Government’s proposed three-yearly audit cycle for SMSFs.

260 survey respondents answered 30 questions and submitted over 1,700...

The Value of Internal Audits

It’s quite evident that clients often don’t see real value in audit services. They’re often regarded as a necessary cost without much real value. Auditors often struggle to communicate...

So, you’ve been targeted by the ATO for a tax audit

Can you – or your clients – afford to be audited? We find out why it pays to be prepared.

It’s the letter or phone call you may not want...

What’s your opinion on a 3 year SMSF audit cycle?

The 2018 Federal Budget proposed the SMSF audit cycle be extended to 3 years for funds with good compliance history, starting from 1 July 2019. Treasury has asked for...

Introducing the Corporate Governance Network

Over the last two years, through our consulting business – Towers Business Development Pty Ltd – we have conducted a series of workshops on behalf of the AusIndustry...

The 2018 CAANZ Audit Conference – Panel Discussion

Data, artificial intelligence and machine learning – what’s next for the external audit?

CaseWare Australia & New Zealand CEO, Craig Waldon...

Blockchain – How tax can build a network of trust

When it made Gartner’s Hype Cycle for the Emerging Technologies List in 2017, some said we’d reached peak-blockchain. Gartner predicted that the technology was still 10 years away from...

Accounting & Audit: Automation – How Much is Too Much?

As Product Manager of a cloud-based solution, I try to keep up with the latest trends in the world of technology. But in recent years, this has been a...

CaseWare Australia & New Zealand launches CaseWare Cloud Analytics™ and tackles Big Data

Melbourne (November 30, 2017)

To utilise new technology such as Big Data, Machine Learning and Artificial Intelligence that will ‘disrupt‘ future audits, CaseWare has released CaseWare Cloud Analytics™.

Showcased at the...

Employer obligations is the new black

The introduction of SuperStream and Single Touch Payroll is prompting new compliance initiatives by the Australian Taxation Office (ATO). With real time data to trawl through, the ATO has...

The ATO’s supercharge on superannuation

The Australian Taxation Office (ATO) is relatively transparent when it comes to industries or areas of interest, and the media are typically on the pulse to broadcast this information...

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