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‘Surprising’ 2017 reports prompt ASIC’s caution to accountants, auditors

‘Surprising’ 2017 reports prompt ASIC’s caution to accountants, auditors

by Shared by AccountantsDaily | Dec 12, 2017 | News

ASIC commissioner John Price has urged companies to focus on giving information for users of financial reports that is “useful and meaningful” and to be prepared for the new standards.Read the full article on Accountants Daily.
Losses of up to $88K under new data breach rules

Losses of up to $88K under new data breach rules

by Shared by AccountantsDaily | Dec 11, 2017 | News

The Notifiable Data Breaches scheme will commence on 22 February 2018, requiring all businesses with an annual turnover of $3 million or higher to notify individuals and the Office of the Australian Information Commissioner (OAIC) when cyber security incidents...
Big names not enough as voluntary resignations spike in accounting

Big names not enough as voluntary resignations spike in accounting

by Shared by AccountantsDaily | Dec 8, 2017 | News

Recently, The Institute of Managers and Leaders (IML) 2017 Staff Retention Report found that accountants, part of the business and professional services industry, had an attrition rate of 13.4 per cent, higher than the average of 9.5 per cent across all industries and...
“Time is not your friend” in new regulation for accountants

“Time is not your friend” in new regulation for accountants

by Shared by AccountantsDaily | Dec 7, 2017 | News

Smithink’s ATSA 2017 technology survey found that 14 per cent of firms had reported being hacked, with cyber criminals targeting accounting systems to steal employee details for identity theft, alongside obtaining tax return data, and “lodging employee tax returns to...
New tax agent portal hits next stage of development

New tax agent portal hits next stage of development

by Shared by AccountantsDaily | Dec 6, 2017 | News

From about next week onwards, around half of the current Tax and BAS Agent portal functions will be available for private beta participants.Read the full article on Accountants Daily.
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