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  1. Australia a 'soft target' for cyber-security, says Deloitte

    In a report titled Future of Financial Services, the result of an 18-month partnership between global financial services leaders, innovators and regulators, it was revealed that Australia is in the midst of a critical phase of evolution that must be...

  2. Aussies not confident using Right to Disconnect, research shows

    culture and clear policies.” “While the law sets the expectation, the real work lies with employers to formalise policies, lead by example, and empower their people. This is especially true for managers, who are often at the frontline of this issue, but...

  3. Aussie SMEs still optimistic as sales remain volatile, Xero says

    the long-term average of the XSBI series. However, despite the slowdown in sales, Australian small businesses continued to lead other markets tracked in the series, including New Zealand and the United Kingdom – demonstrating “ongoing resilience”...

  4. Aussie businesses ‘held back’ by not embracing technology, cautions CPA

    financial year, compared to 34 per cent that didn’t use AI,” it said. CPA Australia’s business investment and international lead Gavan Ord said the research highlighted the importance of new technology in business success. “Companies that embrace a...

  5. Aussie arm of NZ-based accounting firm closes

    The Australian operations of an accounting and advisory firm, which was originally led in part by one of Xero’s co-founders, has today confirmed its closure. Chief executive of RightWay, Greg Sheehan, confirmed to Accountants Daily that the firm will...

  6. Auditors set for name and shame for poor audit quality

    RCAs where it appears there may be a breach of the law; accurately record all disciplinary processes, including those that lead to no substantive action; and formalise processes for advising each other and the FRC of their disciplinary proceedings,...

  7. Auditors fear fee drops distort benefits of proposed changes

    hasn't identified that, then the auditor will have to dig further and root out everything behind it, and it could lead to changes to financial statements, changes to tax returns, which will cause more money. “I have really good clients and even they...

  8. Auditor warns of increasing GST breaches

    and is recorded as a separate asset called 'GST refundable'." Where this issue isn’t identified and rectified this may lead to the SMSF breaching r8.02B SISR, as they have provided an incorrect market value of property asset in the fund financials. It...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Tax

  9. Auditor tenure disclosure, new tendering regime recommended by inquiry

    auditors to specifically confirm that no prohibited non-audit services have been provided. CA ANZ reporting and assurance leader Amir Ghandar said the recommendations were a step in the right direction. “We believe these measures will improve confidence...

  10. Auditor rego, AFS licences drop as industry grapples with high costs

    had earlier called for the government to reconsider ASIC’s industry funding model, saying that the high costs would lead to further market concentration, in turn pushing up prices, and discouraging new entrants into the sector. “The fees may motivate...

  11. Auditor Proud Day toasts the profession with tea and cupcakes

    It’s a time to reflect on the challenges and embrace a pivotal role in sustainability, say leaders. Auditors everywhere today will be toasting their place in the financial universe and contemplating challenges facing the profession, especially...

  12. Auditflow partners with GAAP

    to create and tailor audit files by intelligently building and customising the audit file, audit plan, workpaper index, lead sheets and workpapers. Auditflow chief executive Rich Neal said “we are providing accounting firms with content, methodology,...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  13. Audit proposal to see fee hike, harsher penalties

    the SMSF audit cycle to three years for those with a clean history. Speaking to sister title SMSF Adviser, BDO national leader, superannuation, Shirley Schaefer said there are plenty of SMSF trustees who make mistakes unintentionally despite having the...

  14. Audit Firms Scramble to Adapt as Global Tax Rules Shift

    development, system choices, and client service to keep pace. This setting brings both strain and room to grow. Business leaders now expect not only precise reports, but also clear direction on staying aligned with shifting requirements. The ability to...

    • Type: Article
    • Author: Matthew Kayser
    • Category: Tax

  15. ATO’s outdated estate rules cause delays, confusion

    the death certificate, will and probate. However, practitioners reported the ATO often failed to receive the notifications, leading to additional effort and time spent and also raising concerns about the security of personal information. “Feedback from...

  16. ATO’s holiday home owner tax changes spur taxpayers to be ‘wary and proactive’

    shared the way the ATO would assess this was by determining if the property was rented out during peak periods, which could lead to the conclusion that the holiday home was not mainly used to produce assessable income. “Their interpretation focuses on...

  17. ATO’s growing data access ‘alarming’, says TaxTank CEO

    Taxpayers should be questioning the ATO’s right to their private information as many taxpayers are unaware this could lead to unexpected fines and consequences in the future, Kelly said. “Many Australians are unaware of the ATO’s extensive reach into...

  18. ATO’s GIC alert for PAYG instalments a first, says accountant

    tax agents and their clients that underestimating their instalment amount or rate when varying PAYG instalments could lead to a large tax bill when they lodge their tax return at the end of the financial year. The Tax Office said that when it receives a...

  19. ATO’s adviser strategy zeroes in on late-paying partners

    Taskforce’s efforts to target advisers given their “important role” in supporting businesses. “Taxpayers take their lead from their advisers. Therefore, it’s critical that advisers ensure their own tax and super affairs in order,” said the ATO. Under...

  20. ATO’s ‘Direction to Pay’ power

    documented decisions, and independent advice on the director’s own position.” He emphasised that this Direction to Pay could lead to a personal liability for a director. “The director and others involved in management can be taken to have committed that...

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