From publicaccountant.com.au: The transition from compliance to advisory services in accounting is driven by efficiency gains from automation and AI, making strategic advice increasingly essential for client satisfaction.… read more
From www.smsfadviser.com: The recent Federal Court decision in the Merchant case emphasizes that SMSF advisers must be vigilant, as transactions that seem ordinary can still face ATO scrutiny if additional facts warrant concern.… read more
From financialstandard.com.au: ASFA and EY have released guidance to help superannuation trustees comply with CPS 230, effective from July 1, 2025.
The guidance emphasises the importance of operational risk management and assurance from third-party service providers.… read more
From www.professionalplanner.com.au: Research from Morningstar reveals that financial advisers often irritate clients by failing to provide a breakdown of fees, taking too long to complete tasks, and using excessive jargon.… read more
From www.aicd.com.au: Directors must actively identify potential financial red flags in board papers and cannot solely rely on auditors for assurance regarding financial accuracy.
Key warning signs include frequent cash shortages, unexplained accounting changes, and sudden variances in financial metrics.… read more
From www.accountingweb.co.uk: [UK context] Accounting firms frequently conduct client satisfaction surveys, but there are concerns that clients may find this repetitive questioning annoying and that the data collected may be underutilised or misinterpreted.… read more
From financialnewswire.com.au: The Stockbrokers and Investment Advisers Association has criticised ASIC for its proposal to publicly name financial services licensees regarding internal dispute resolution and reportable situations data.… read more
From www.aicd.com.au: Directors should adopt a growth mindset to enhance agility and innovation within their organizations, viewing challenges as opportunities for continuous learning and improvement.… read more
From www.accountantsdaily.com.au: Most accounting firms plan to raise their prices in 2025 due to rising business costs and increasing regulatory complexities, according to a report by Ignition.… read more
From www.accountantsdaily.com.au: Kelly+Partners, an accounting firm in Sydney’s Northern Beaches, has launched an innovative recruitment strategy by distributing free coffees to local commuters to attract accountants.… read more
From gtlaw.com.au: AICD released guidance to help directors enhance data governance and manage cyber risks.
ACCC initiated legal action against Beacon Products Pty Ltd and Zandox Group Pty Ltd for alleged unfair practices.… read more
From cpaaustralia.com.au: Aspiring accountants seeking board appointments should focus on leveraging weak connections, as over half of board appointments occur through these types of relationships, rather than relying on strong ties.… read more
From hlb.com.au: Mandatory climate reporting introduces significant responsibilities for directors, requiring them to ensure that sustainability reports comply with legislation and accurately reflect the company’s environmental impact.… read more
From www.journalofaccountancy.com: [US context] Transitioning to a partner role at a CPA firm can be challenging, requiring adaptation to new responsibilities and expectations.
Tips include embracing challenges, redefining work-life balance, preparing for mistakes, and seeking clarity on compensation.… read more
From www.professionalplanner.com.au: Warren Buffett has impacted how financial advisers communicate with clients by emphasising long-term investment strategies and the importance of value over price.
His wisdom and quotes have become integral to advisers’ conversations, helping to educate clients and promote a patient, informed approach to investing.… read more