Australia has great strides to make if it is to catch up with leading fintech and regulatory technology (Regtech) hubs like Hong Kong, Singapore and Switzerland.
What concessions have Australian regulators provided to not-for-profits, including charities, incorporated associations, fundraising licensees and companies limited by guarantee during these challenging times? Here’s a guide to the relief provided in various jurisdictions.
Statutory reporting by Australia's charity sector is changing. The end goal is a more streamlined reporting system to improve transparency and good governance to facilitate the vital functioning of charities.
Fintech start-up Rideshare Tax was launched by two CPA Australia members, and offers a simplified tax management process and paid accounting services for rideshare drivers.
In the volatile and challenging times brought about by COVID-19, changing the thinking on traditional budget forecasting can make planning ahead easier.
The Australian Accounting Standards Board has made major inroads into decoupling its Australian Accounting Standards framework from special purpose financial statements.
The business sector’s “going concern” assessment is generally a rather routine practice, but in extraordinary times no process is as simple as it once was.
Ethics and public interest have long been the basis of an accountant's work, and ongoing regulation changes globally call for increased accountability, transparency and independence.
A perfect storm has the potential to cause Australia to lose thousands of financial advisers, putting the availability and affordability of financial advice at risk just as consumer needs are increasing.
Australia's special treatment of sophisticated investors can create traps for both investors and their accountants.