by Steven Watson | May 6, 2022 | Client Management, Practice Management
The quality of financial reports is key to confident and informed markets. The purpose of the independent audit is to provide confidence in the quality of financial reports. In recent times, there has been much discussion about the role of the auditor and their...
by Steven Watson | Dec 17, 2021 | Client Management, Workflow Management
In recent years, ASIC has consistently expressed concern about the quality of corporate auditing in Australia, with the Commissioner calling on audit firms to “continue to evaluate the effectiveness of their current initiatives to improve audit quality.” ASIC is...
by Steven Watson | Jul 21, 2021 | Client Management, Practice Management
Managing client relationships effectively can be challenging when the primary focus is on getting the work done efficiently and professionally. Engagement documents are the best way to ensure both engagement scope and fee for service are clearly understood. They also...
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...
