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...
Technology
Technology solutions for accounting and financial advisory firms
ATO’s Privacy Breach: $557 million filed in false claims
by Iain Enticott | Aug 7, 2023 | Technology, Technology Support, Uncategorised
No company is safe – not even the ATO! Cybercriminals have filed over $550 million in false claims over the past two years, finding a glitch in the ATO’s digital identity system. Bogus myGov accounts were created by the hackers linking them to real taxpayers’ ATO...
Is your firm at risk of a data breach?
by Bronwyn Smith | May 22, 2023 | Technology, Technology Support, Uncategorised
Discover what you can do right now to protect your firm from a data breach In recent times, Australia found itself a target for cyberattacks. Clearly some of our biggest brands are underprepared, but more alarming is that SME businesses are 3 x more likely to be...
What you need to know: The Federal Budget’s focus on Cyber Security
by Iain Enticott | May 22, 2023 | Technology, Technology Support
On Tuesday evening, 9 May 2023, and after more than a decade, the federal Labor government delivered its first budget. Investment into cyber security was a feature and after several high-profile cyber-attacks in the past 12 months, it appears to remain at the...
Is It Time to Review Your Business Processes?
by Stan Corner | May 2, 2023 | Practice Management, Technology
When was the last time as an accounting practice you took a step back and looked at your business processes? It’s easy to get bogged down in the day-to-day workload. However, taking the time to revitalise your processes is worth it. A review of your business processes...
Tough Reforms Coming To Australia’s Privacy Act: Business Owners Be Prepared
by Iain Enticott | Apr 20, 2023 | Technology, Technology Support
There’s no ignoring the media’s latest coverage of the calculated cyberattacks targeting Optus, Medibank and now Latitude Financial over the past 6 months. The ripple effect has caused millions of consumers’ personal information to be compromised. The subsequent...
AI Drunk – the future is intoxicating
by Magnus Yoshikawa | Apr 17, 2023 | Practice Management, Technology
With all the CHATter about 'AI' we wanted to let you know what your peers have been saying. “The ATO will use this opportunity to finally remove the need for Individual Tax Returns” “The Computer turned up and we all stood around it wondering what will be left for us...