Andrew Geddes has developed a lifetime of skills as an accountant, university lecturer, joint founder of the Financial Management Research Centre (FMRC) at the University of New England, founding Chairman of GreenCross Ltd for 10 years – a company which became a top...
Client Management
All aspects of managing client relationships including systems and communication
“Routine and mechanical” is not a loophole
by David Saul | Oct 9, 2020 | Client Management, Featured Articles, Financial Services, Workflow Management
The new Independence Guide clarifies that an auditor cannot audit an SMSF if they prepared the financial statements for the SMSF unless it is a "routine or mechanical service", however the ATO has clarified that the “routine and mechanical” exception is very hard to...
Temporary Relief for Directors’ Personal Liability for Trading Whilst Insolvent
by Bruce Gleeson | Oct 6, 2020 | Business Services, Client Management, Featured Articles, Financial Services, Workflow Management
Readers may possibly recall that the Federal Government announced a raft of temporary relief measures in late March 2020, some of which were aimed at giving directors of companies’ confidence to trade through Covid-19. One such important measure was that directors...
Is Your Identity for Sale?
by Iain Enticott | Sep 24, 2020 | Client Management, Featured Articles, Financial Services, Technology, Technology Support
Have you ever wondered who controlled your genetic profile data and had access to your identity? It’s big business and a commodity that has recently been up for sale. In August 2020, private equity funds managed by Blackstone reached a definitive agreement to acquire...
Audit Independence and Reciprocal Arrangements
by David Saul | Sep 24, 2020 | Client Management, Financial Services, Workflow Management
Reciprocal auditing arrangements where SMSF firms enter into audit arrangements for one another risk breaching new independence requirements, the ATO has clarified. The restructured Independence Guide in the APES 110 Code of Ethics for Professional Accountants has...
3 reasons your mortgage broker division is broken. #3 will blow your mind!
by Steve Lake | Sep 21, 2020 | Business Services, Client Management, Financial Services, Practice Management
I often get asked what makes our in-house mortgage broker program more effective than others on the market, and I can sum this up in 3 reasons mortgage broker divisions do not run at capacity. Our philosophy is “everything we do is marketing” and this puts us in great...
Virtual CFO – Key Challenges in Managing Scope and Fee
by Dale Crosby | Sep 20, 2020 | Business Services, Client Management, Featured Articles, Practice Management
A Virtual CFO is a person or a firm that that takes on the role of CFO for a client on a contract basis. Thanks to cloud accounting systems, they can work largely remotely to monitor finances and advise on key business decisions. Their investment in the development...