Speak up to influence policy, public accountants told

At the IPA’s National Congress last week, a panel of political and business leaders discussed the risk that weak political reform threatens economic growth and in turn, government support for small business.One member of the panel, former federal small business...

Digital push only a threat to ‘dinosaurs’

Digital disruption is often framed as a threat to the accounting industry, with traditional backbones of accounting practices, such as compliance work, increasingly becoming the work of software and automated systems. However, delegates at the IPA’s National Congress...

Traditional firm hierarchy set to lose prominence

The current prestige of the partnership model is set to keep “buckling under stress” according to Connect Financial Service Brokers chief executive Paul Tynan, who said new accounting industry hopefuls are not looking for additional risk or pressure given they are...

Auditors on notice as ATO clamps down

According to deputy commissioner Kasey Macfarlane, one of the ATO’s significant areas of focus for 2016-17 will be SMSF audits with cheap price points relative to the rest of the industry. Those auditors who promise a guaranteed low fixed fee, regardless of the...

Accounting clients demand ‘connection, not compliance’

Business consultant Mike Irving said “bean counters” will be lucky to survive the next ten years in financial services if they don’t extend their offerings beyond compliance services.“People want an accountant who is part of their team, rather than someone they feel...