The Australian Taxation Office is continuing its crackdown on the black economy, with increasing help from the public.
Insolvencies are rising in some sectors and accountants need to warn clients of the dangers of trading while insolvent – and of the resources available to help when a company is in financial trouble.
Can humans and robots work together to improve the finance function? Rather than cause mass redundancies, robotic process automation (RPA) is set to drive efficiencies and enable humans to engage in more value-adding work.
Franchising is big business in Australia, contributing about 9 per cent of gross domestic product (GDP), equivalent to about A$170 billion. It is a sector, however, in which the rewards and the power can be unbalanced and contentiously distributed.
Excel Power Query can save hours of time for people who have to take data from multiple sources and reorder it for reports and analysis.
Effective whistleblowing policies require much more than good intentions.
Excel is not only readily available at low cost on almost every laptop, but it contains much of the computing power needed for sophisticated forecasting, says expert Dr Liam Bastick. Learn how to get the most out of the Excel forecast functions.
An increasing number of repetitive tasks are being delegated to robots. Where does that leave accountants?
Accounting firm Carbon Group, founded by two CPAs, has chalked up some impressive growth in Australia and is looking to expand further.
The outcome of Australia’s federal election may have been a surprise to many, but the Liberal-National Coalition victory will result in fewer surprises in terms of tax and investment.
The accounting profession faces greater regulatory responsibilities and costs with new anti-money laundering (AML) and counter terrorism financing legislation expected to pass federal parliament in 2019.
The CPA Australia pre-budget submission to Federal Treasury focuses on reducing regulatory burdens and encouraging investment innovation.
New technologies have the potential to take over much of the routine compliance work performed by accountants and auditors. How will that affect the accounting profession?
Artificial intelligence (AI) is being adopted so fast that its technical capabilities have outpaced construction of an ethical governance framework. That's changing as the implications of the AI revolution become clear.
The Australian Taxation Office’s campaign on work-related expenses has seen a jump in tax agents reported to the Tax Practitioners Board.
Communication and collaboration skills – the so-called “soft skills” – are becoming more important than technical skills when building successful accounting careers.
Artificial Intelligence (AI) in accounting will rapidly move from a tool for compliance and towards the delivery of advice, but will never replace a human accountant, the World Congress of Accountants (WCOA) heard.
A more culturally and demographically diverse workforce drives an organisation to be more relevant, innovative and ultimately more profitable, the World Congress of Accountants (WCOA) heard.
Teaching staff about empathy and how to communicate with clients: a panel discussion at the World Congress of Accountants (WCOA) argued that these “soft skills” are just as important to the modern accounting firm as technical skills.
Digital technologies such as artificial intelligence (AI) and blockchain would “cut out the middleman” in financial services, leaving the accountants of the future to focus less on compliance and more on strengthening relationships and delivering insights to clients, the World Congress of Accountants (WCOA) heard today.