by Steven Watson | Nov 17, 2023 | Financial Services, Practice Management
ASIC has released its inaugural integrated financial reporting and audit surveillance report, highlighting the need for improved disclosure of material business risks, impairment of assets, and revenue recognition in financial reports. Report summary The report, which... 
by Steven Watson | Sep 25, 2023 | Client Management, Practice Management
The COVID-19 pandemic has reshaped the global economic landscape, leading to considerable financial turbulence and unprecedented challenges for businesses. For external auditors, assessing the solvency and going concern of entities has become even more critical.... 
by Steven Watson | Jul 17, 2023 | Accounting Software, Financial Services
Financial reporting is a crucial process which provides valuable information about a company’s financial performance and position. Auditors play a vital role in ensuring the accuracy and reliability of financial reports, giving stakeholders confidence in the... 
by Steven Watson | Mar 6, 2023 | Accounting Software, Financial Services
The call for corporate accountability for environmental, social and governance (ESG) issues is getting stronger. In early March 2023, ASIC accused a retail superannuation giant of misleading members about the sustainability of its investments in a landmark... 
by Steven Watson | Dec 22, 2022 | Business Services, Financial Services
This time last year, we provided feedback on ASIC’s Audit Inspection Report for the 2020/21 Financial Year. In this report, ASIC found that insufficient work was done in 23% of the 115 key audit areas reviewed across 35 files from the six largest audit firms. ASIC has... 
