How audit data analytics is changing audit
Traditional audit methods involve obtaining a small sample of data and extrapolating the results to identify anomalies for investigation. In ...
Audit, Assurance & Risk
Understanding Chinese Business Culture
This year coincides with the 50th Anniversary of the establishment of diplomatic relations between China and Australia. Reflecting on this ...
Audit – An under-exploited asset
Besides ensuring compliance with ASIC, a business stands to gain a number of benefits from an independent audit of its ...
A warning to Small Businesses entering new Agreements
From 01 July 2021, AASB 2020-2 removed the ability for certain for-profit sector entities to prepare special purpose financial statements. ...
Recognising and preventing Business Email Compromise scams
In the 2021 financial year, Australian businesses and individuals lost over $79 million due to ‘Business Email Compromise’ scams. These ...
Maximising audit value for international subsidiaries in Australia
For large companies operating in Australia, audits are viewed as a necessary mechanism of regulatory compliance. However, by narrowly viewing ...
How to choose the right auditor for your business
Choosing the right external auditor is an important decision. You’ll work with your external auditors year after year and their ...
Avoiding common business mistakes when starting up in Australia
The majority of businesses that come to Australia are successful. However, a number aren’t. In decades of advising overseas start-ups, ...
Preventing Fraud in Global Subsidiaries
Fraud. It’s a dreaded word for any organisation, but the harsh reality is that the potential for fraud exists for ...
Can an audit benefit your business?
Absolutely! As auditors who like to add value for clients, we’re surprised how many organisations still think an audit’s only ...
What is corporate governance and why is it important?
Back in 2002 following a series of corporate scandals, the US government enacted the Sarbanes-Oxley Act to improve corporate governance ...
Is your organisation at risk of fraud? The simple answer is yes
Is your organisation at risk of fraud? The simple answer is yes. Any organisation holding assets is in danger of ...
Standards effective for the first time for June reporters
Standards effective for the first time for June reporters There are a number of new standards which are mandatorily effective ...
An Audit – preparing your business for sale
Are you thinking of selling your business in the next five years? If you are, have you considered the benefits ...
Australian Reporting Framework Update
Executive summary An entity’s impact is determined by the type of entity, the relevant governing documents, relevant legislation and the ...
Financial Statement Audit Value
Many companies are leveraging a financial statement audit to gain more value for their business because, in addition to compliance ...
Financial Reporting and Audit Requirements
Financial analysis and reporting are one of the bedrocks of modern business. Financial reports are often legally required in various ...
External Audits of Trust Accounts
Businesses that operate a Trust account have strict regulations they must comply with. This is necessary to maintain a trust ...