Close collaboration early in regulatory process can ensure clear legislation and fair compliance measures.
No one plans for a pandemic. These six CPAs used their skills to lead in challenging times. On International Accountants’ Day we celebrate their achievements.
Just as not all superheroes wear capes, not all accountants ply their trade in the industry. Some pursue altogether different interests, to worldwide acclaim.
The Australian Taxation Office is working hard to shatter the misconception that cryptocurrency gains are exempt from tax or taxable only when cashed back into dollars.
Contrary to the notions of higher earnings and disposable income, financial security is an ongoing challenge for older single women without children.
If you thought scams were a 21st century innovation, think again. Long before the internet existed, fraudsters were taking other people’s money. Try our quiz and test your knowledge of financial fraud.
It is easy to see the potential digital technology holds for bringing corporate reports to life - but are we ready to embrace and harness it?
SPONSORED CONTENT: From cashflow and reporting to systems software, see why accountants and finance professionals are well placed to help clients manage and grow businesses.
The Australian Financial Reporting Framework is undergoing a significant overhaul, and with changes effective from 1 July 2021, affected financial report preparers with 30 June year-ends should begin readying for transition.
A significant component of the ongoing evolution of the accounting profession is the requirement for stronger communication skills to enhance stakeholder engagement with, and understanding of, important numbers.
When corporate regulators periodically publish their "hit list" of focus areas for surveillance activities around financial reporting practices, one item appears time and time again - the adequacy of impairment testing of goodwill. It is also a frequent cause of friction between those preparing financial statements and those auditing them.
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As cryptocurrencies continue to evolve and are used more widely, there is continued debate around the importance of an accounting and regulatory framework that is fit for purpose.
The theme for this year's NAIDOC Week is "heal country!". We ask three Indigenous accountants about the role finance professionals can and should play in healing country.
Accounting for revenue in the not-for-profit and public sectors is a complex task that requires a deep understanding of the underpinning accounting standards.
Not all cost reductions pay off in the end, so a short-term fix must be balanced with long-term value.
Interesting times lie ahead for insurers, who are readying for more transparency under a new accounting standard while preparing for a heavy flow of potential pandemic-related claims.
There’s a new regulatory scheme putting large businesses’ payment habits under the microscope. You should have heard of Payment Times Reporting Scheme by now, because it began in Australia on January 1 2021.
SPONSORED CONTENT: Off the back of pandemic-induced currency volatility there has been a surge of interest in FX management tools. Find out how an OFX expert can help.
The overhaul of the Australian Financial Reporting Framework involves a new tier 2 reporting framework that includes a simplified disclosures standard. Does this new structure serve the needs of small and medium-sized enterprises and their stakeholders?
ADVERTORIAL: Despite the end of JobKeeper, the ATO is set to use its data matching technology to continue reviewing those who took benefitted from the scheme. See why.
ADVERTORIAL: From streamlining BAS, year-end tax prep or managing workflow, here's how QuickBooks' assortment of tools help smaller firms work efficiently and profitably.
Cash may no longer be king for many of us, but that doesn’t mean that it should be consigned to history. Here are six reasons why we shouldn’t discount cash.
Accounting standards are becoming more complex but, in most cases, with good reason. The solution is technology adoption and a multi-modal approach to readability, understandability and actionability.
Corporate expense tracking can be immensely time-consuming and challenging in terms of real-time visibility. Here’s what you need to know about automated expense management systems that do the job for you.
Recent revisions to the integrated reporting framework are expected to offer greater accessibility and ease of understanding for companies when communicating to stakeholders.
Two years on from the release of the final Royal Commission report, Australia's financial services industry remains in a state of flux, with new layers of complexity and regulation.
In a largely upbeat 2021-22 Budget, the Hong Kong Government is offering electronic consumer vouchers for residents while increasing the stamp duty on stock trading to help raise revenue.
Singapore unveiled an expansionary Budget 2021 that balances providing additional support to help businesses and people manage through COVID-19 together with reforms to deal with long-term challenges.
Singapore unveiled a wide-ranging Budget 2021 that focuses on continued economic restructuring to deal with long-term challenges while balancing the immediate priorities of supporting its businesses and people through COVID-19.