1 July to 31 December 2023 The intricacies of the Australian Taxation Office (ATO) and other government revenue authorities’ audit activities are ever evolving. They demand constant vigilance from businesses, self-managed superannuation funds (SMSFs), individuals and...
Financial Services
Financial advice including wealth creation, insurance and lending services
Taking data security and privacy to the next level
by Roman Kaczynski | Mar 8, 2023 | Financial Services, Latest News, Software Support
At Accountancy Insurance, we take the security of our own data as well as the data of our clients very seriously. Within our security protocols we have established a set of policies, processes and controls designed to produce predictable information security...
What auditors and accountants need to know about ESG
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...
Helping your clients with their lending requirements. It’s easier than you think!
by Steve Lake | Jan 30, 2023 | Business Services, Financial Services
Hi all and welcome to 2023. We are already close to the end of January can you believe it! I thought I would start the year with going back to basics and write about WHY an accounting firm / accountant would get involved in the debt solutions for their clients. A lot...
Auditing the Auditors – What’s changed in the past 12 months?
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...
Audit Training – Why It’s Important & What to Consider
by Danielle Nye | Dec 5, 2022 | Client Management, Financial Services, Practice Management
Upskilling your people enhances the overall quality of the services performed by the audit profession, reduces risk of non-compliance with regulatory and legislative requirements, and more importantly, creates ongoing succession plans within not only your audit...
Cryptocurrency and SMSF Audits – What do you need to check?
by Sharmaine Duran | Nov 2, 2022 | Financial Services, Technology
Whilst trustees have the ability to invest in cryptocurrency through their SMSF, there are some important considerations to address. The non-tangible nature of cryptocurrencies requires SMSF members to keep accurate records, but many are failing to do so, opening...