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Exploring the Future of Audit in Australia – Moving Toward Real-Time Assurance

Exploring the Future of Audit in Australia – Moving Toward Real-Time Assurance

by Chang Chow | Apr 7, 2025 | Accounting Software, Featured Articles

Introduction The audit profession in Australia is undergoing a significant transformation. Traditionally, audits have been retrospective, focusing on financial statements and transactions that occurred months, if not years, before the audit process begins. However, as...

Update – Prevention and detection of fraud through audit reporting

by Chang Chow | Oct 6, 2021 | Business Services, Financial Services

The recent Parliamentary Joint Committee Inquiry into Audit Quality made two significant proposals, which have the capacity to bridge the expectation gap by tackling stakeholders’ greatest concerns: fraud and unexpected corporate collapse. The first proposal is the...
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