Small Business Tax Audit Triggers
As the pandemic and associated stimulus now subside, the Government, via the ATO, will be making it a priority to increase revenue collections and reduce
What’s the Purpose of a Financial Report Audit?
A financial report audit will give your organisation enhanced credibility as well as identify any potential or current risks which may be a threat to
Prepare for a Financial Audit
How do I prepare for a financial audit for my organisation? What is an audit on my financial statements? Should I be worried about an
ATO Resumes Business Audit Activity
The ATO estimates only 4% of the taxpayers reviewed are deliberately engaging in shadow (or black) economy behavior. But this group (together with a cohort
Occupational Fraud in All Sizes
Occupational Fraud is much more common in organisations than you may think. Regardless of the size of your business occupational fraud has the same likelihood
Current and Non-Current Liabilities
We take a look into the commotion about the classification of liabilities - in particular, the distinction between current and non-current liabilities. After all, a
ASIC Lodgements Deadlines Extended for Unlisted Entities
The corporate regulator, the Australian Securities and Investments Commission (ASIC), has extended the reporting deadline by one month for unlisted entities with balance dates from
You know that we are living in a “Material” world
Accountants are fun too! We know all the hits. But in this case we are actually talking about what Materiality means in relation to your
Impacts of COVID-19 on Financial Reporting
As COVID-19 continues to spread globally, it is appropriate for organisations to consider the impact of this health crisis, to their financial position, performance and
Immunising Your Internal Control Environment
Ensure your business controls and processes are up to date and still effective during this period of uncertainty. Some changes will need to be made