Lachlan Colquhoun

Lachlan Colquhoun

Lachlan Colquhoun has worked for some of the world's best known mastheads in a four decade career as a journalist. Beginning as a cadet on the Adelaide Advertiser, he has written for the Financial Times, the South China Morning Post, the London Evening Standard and the Scotsman (and many others) in addition to several years in radio at ABC Radio National and Triple J. He is obsessed by medieval and 20th century history, playing the bass guitar and riding classic motorcycles.

Leader of the Opposition Bill Shorten waits to deliver the 2019-20 Federal Budget Reply speech. (AAP Image/Mick Tsikas)

Budget 2019: Labor spends big in voter pitch


Funding has been brought forward on the Pest and Disease Preparedness and Response Program to begin the fire ant project.

Budget 2019: 13 under-the-radar items that didn’t make headlines


Accountants do not currently provide designated services specified under the AML/CTF Act and their responsibilities in this area are essentially ethical, and not regulatory.

Accountants must prepare early for AML compliance


Easing the regulatory burden on practitioners and improving Australia’s investment and savings regimes are the two main themes of CPA Australia’s submission to the Australian Government ahead of the Federal Budget to be delivered on April 2.

Encouraging investment, cutting red tape: CPA Australia's pre-budget submission


How technology and data are transforming accounting and audit


With AI increasingly ubiquitous and part of modern existence, concern about its biases has inspired a push towards a governance framework that is ethical, unbiased and transparent. Illustrations: Adam Nickel

The good, bad and ugly of AI ethics


The ATO identified incorrectly-claimed work-related expenses as the chief cause of the tax gap found in a July 2018 report.

ATO reports tax agents over work-related expenses


According to LinkedIn research technology skills now have a life cycle of only two to three years and accountants should focus more on the soft skills of collaboration, teamwork and communications as they build their careers.

Successful accounting careers need lifelong learning: LinkedIn


There are many repetitive tasks that AI could perform, and which accountants would not regret losing because it would make their jobs more creative and interesting.

AI in accounting: moving beyond compliance


A more diverse workforce can create challenges and complications for managers but “makes for greater rewards" Prof Ian Williamson tells the World Congress of Accountants (WCOA).

Diversity and profit: there is a link


To remain relevant, accountants will need to focus on becoming 'strategists with a future perspective'

Soft skills or technical skills? How accountants stay relevant in a changing world.


Accountants should remember that they will remain the “anxiety transfer experts” for clients, allaying fears and concerns and delivering insights into their business.

Accountants and AI: adapting to the digital future


Where once the management accountant would work in isolation, delivering reports filled with numbers on spreadsheets, today they are more likely to be embedded in a business unit or working with project teams.

The core skills required of the new management accountant


Despite a slow start, the number of electric cars on Australian roads is set to increase significantly.

Electric cars pose threat to tax revenue


The tornado chart approach is based on the 80/20 rule focusing on drivers that stand out beyond the rest.

Modelling with tornado charts in Excel


While some annual reports may be shorter they aren’t any easier to understand.

The annual report: is shorter better?


As people age and retire they not only stop paying income tax but increasingly direct their spending to categories which do not attract GST.

Workers the losers as consumption taxes shrink


A random sample of 858 tax returns found an error rate of 72 per cent, with agent-prepared returns with an error rate of 78 per cent.

Work-related expense claims the main culprit as tax gap puts focus on tax agents


The role of management accountant is much more interesting than it used to be, and one which is also creating more opportunities.

Harnessing data analysis to shape stories: the rise and rise of the management accountant


While workplace policies encourage anonymous whistleblowing, Australia’s Corporations Act protects only whistleblowers that are willing to identify themselves. This is just one of the topics that will be tackled at WCOA 2018. Illustration: Adam Nickel.

Tell the truth and ruin your career: should whistleblowers be compensated?