The practice of companies reporting financial metrics not prescribed by established Generally Accepted Accounting Practice (GAAP) frameworks, such as the International Financial Reporting Standards (IFRS), has proliferated over the years.
Having spent many years building up your business, you wouldn’t want to jeopardise your reputation or clients’ financial security by referring them to the wrong financial planner. Luckily, help is at hand.
Colin Cameron FCPA took the fight to Wall Street to get back the millions his Perth council lost in the global financial crisis. Ten years later, he won.
Before organisations wring their hands over the rise of red tape, they should look at the equally rapid rise of regulatory technology. It promises to strip the tedium and costs from compliance and reduce risk across whole economies. Even ASIC is excited at the potential.
In western democracies, we are without doubt witnessing a re-writing of the political ‘rule-book’ of two-party domination accompanied by growing inward-looking nationalist and populist sentiment.
While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s term gathers momentum.
Time is running short to prepare properly for IFRS 15, the new standard on recognising revenue. Some companies may already be behind the eight ball.
Australia’s AUSTRAC is leading a formidable global charge against organised crime, terrorism, money laundering and tax evasion through the newly created Fintel Alliance. Chief executive Paul Jevtovic tells INTHEBLACK about its priorities and how he sees accountants’ role in fighting financial crime.
Improving communications in financial reporting is a key focus of the International Accounting Standards Board’s latest work plan, but the push for clarity has its challenges.
This podcast tackles the question: is data analytics transforming the audit or is just a new means of gathering the same evidence as in the past?