Accounting graduates ill-equipped for workforce

Dr Luckmika Perera, director of teaching for the department of accounting at Deakin Business School, said educational institutions needed to reinvent learning programs to cater to broader skills sets.“We are setting the standards lower and lower on an ongoing basis at...

Death of compliance fears unfounded, work tipped to spike

Edward Chan, co-founder and non-executive chairman of Chan & Naylor, said that due to the ever-changing nature of tax laws, and the increasing population, accountants will always remain in demand.“Compliance is alive and well in Australia; as long as there’s tax...

IT outages continue, still waiting for ATO to deliver

The portal downtime coincides with the release of the Inspector General of Taxation Report, which highlights deficiencies in compensation for losses arising from major ATO changes in process or information technology (IT).“We are constantly being reassured by the ATO...

Mid-size businesses miss $6.12bn in growth opportunities

In American Express’s report Behind the balance sheet: unlocking hidden value in credit, 38 per cent of CFOs revealed their business was delayed or unable to achieve a strategic business objective due to cash-flow pressures.Of these mid-sized businesses, 81 per cent...