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...
by Steven Watson | Jun 3, 2022 | Financial Services, Latest News, Practice Management
Digital reporting is fast changing the way accountants and auditors engage with their clients and with their respective regulatory authorities. Global changes are being led by the IFRS (International Financial Reporting Standards) Foundation. Whilst the approach to...
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...