by Steven Watson | Jun 2, 2021 | Business Services, Client Management, Featured Articles, Financial Services
Time is running out for accounting firms to critically review the arrangement they have with the auditors of the SMSF funds for whom they prepare financial accounts. Firms have until 30th June 2021 to make necessary arrangements to engage independent SMSF auditors. If...
by Steven Watson | May 18, 2021 | Business Services, Client Management, Featured Articles, Financial Services
New reporting standards to improve transparency, comparability and consistency of financial statements will apply from the 2022 financial year. From 1st July 2021, certain for-profit private sector entities will no longer be able to prepare Special Purpose Financial...
by Steven Watson | Mar 25, 2021 | Financial Services, Latest News
Time is running out for accounting firms to critically review the arrangement they have with the auditors of the SMSF funds for whom they prepare financial accounts. Firms have just 3 months to make necessary arrangements to engage independent SMSF auditors. This...
by Steven Watson | Feb 25, 2021 | Uncategorised
General Purpose and Special Purpose financial reports have been a part of Australia’s financial reporting framework for over 25 years. Changes are now afoot. New reporting standards to improve transparency, comparability and consistency of financial statements are...
by Steven Watson | Dec 2, 2020 | Business Services, Client Management, Featured Articles, Financial Services
For many years, directors of most for-profit private entities have enjoyed the liberty of determining the type of financial statements they will prepare for an entity. The discretion to prepare an often much less detailed set of Special Purpose Financial Statements...
