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ASIC calls for improved audit quality in new report

ASIC calls for improved audit quality in new report

by Maja Garaca Djurdjevic | Jan 29, 2019 | News

Late last week, ASIC issued a report on the results of inspections it carried out of 20 Australian audit firms of varying sizes, in the period 1 January 2017 to 30 June 2018.It found that in 24 per cent of the total 347 key audit areas that it reviewed across 98 audit...
Small businesses invited to apply for digital makeover

Small businesses invited to apply for digital makeover

by Maja Garaca Djurdjevic | Jan 25, 2019 | News

Minister for Small and Family Business, Skills and Vocational Education Michaelia Cash announced earlier this week that applications are open for the Small Business Digital Champions project, which is aimed to help small businesses learn the skills and build...
ASIC calls for improved audit quality in new report

ASIC bans Hobart financial planner for 5 years

by Maja Garaca Djurdjevic | Jan 25, 2019 | News

According to ASIC, Mr Geappen advised his clients to switch from one insurance product to another which allowed him to generate commissions from insurance providers. ASIC’s investigation found that Mr Geappen: – failed to act in the best interests of his...
ATO to begin issuing reminders to small employers to switch to STP

ATO to begin issuing reminders to small employers to switch to STP

by Maja Garaca Djurdjevic | Jan 24, 2019 | News

From 29 January, the ATO will write to small employers who have 19 or less employees and already use payroll software.”We will tell them about single touch payroll (STP), and remind them that they don’t need to wait for legislation to pass to start...
Australia’s new digital bank gets full banking licence

Australia’s new digital bank gets full banking licence

by Maja Garaca Djurdjevic | Jan 23, 2019 | News

The Australian Prudential Regulation Authority (APRA) said on Wednesday it has granted Volt Bank a licence to operate as an ADI under the Banking Act 1959.It is the first new retail bank to be granted a banking licence in Australia since the early 2000s.Volt was...
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