Financial controls, also known as internal controls, are vital policies and procedures put in place to keep financial records in check and protect company assets. But most businesses don’t have strong controls set up, according to our recent research. Recent research...
Technology
Technology solutions for accounting and financial advisory firms
Trends in Remote Auditing: Enhancing Production and Client Relationships
by William McConnell | Jun 11, 2024 | Featured Articles, Team Leadership, Technology, Uncategorised
The COVID-19 pandemic has reshaped how businesses operate, and auditing is no different. Remote auditing, initially a necessity during the pandemic, has now become a standard practice. This shift is transforming production processes and client relationships,...
Why your Accounting Firm should Prioritise Cybersecurity Now more than ever
by Boobalan MAdhavan | May 14, 2024 | Featured Articles, Technology
Digital transformations are not just advancements but necessities, accounting firms find themselves at a pivotal juncture here. The migration from traditional bookkeeping to digital platforms, while offering efficiency and scalability, presents a significant risk:...
New Ignition and MYOB Integration Fuels Efficiency and Profitability For ANZ Businesses
by Dane Thomas | Mar 5, 2024 | Technology, Uncategorised
Ignition now integrates with MYOB, expanding its suite of integrations to help practices power through EOFY. March 5th, 2024, Sydney — Ignition, the leading revenue generation platform for accounting and professional services businesses, today launched a new...
Switching Gears: Critical Considerations When Changing Your Business’s External Auditor
by Steven Watson | Mar 4, 2024 | Business Services, Technology
In the evolving landscape of corporate governance and financial reporting, the role of the external auditor has never been more critical. Recent concerns regarding the independence of auditing firms, especially in relation to the provision of auditing versus...
Navigating the Challenges of Solo Practice: Key Strategies for Growth and Success
by Dale Crosby | Jan 3, 2024 | Business Services, Client Management, Practice Management, Professional Development, Team Leadership, Technology
Sole practitioners in public practice are a unique breed. They are accountants, entrepreneurs, and managers all rolled into one. However, with this versatility comes significant challenges, especially when they look to grow their firms. Understanding these challenges...
How to protect your client data when outsourcing SMSF administration
by Bronwyn Smith | Dec 11, 2023 | Business Services, Practice Management, Technology
Many mid-tier accounting and financial planning firms outsource their SMSF administration, whether it’s due to overhead costs, lack of time, or the current skills shortage. Unfortunately, firms may unknowingly be putting their clients’ data at risk if they work with...