Ombudsman advocates $80,000 increase in asset write-off

Ombudsman advocates $80,000 increase in asset write-off

ASBFEO Kate Carnell told the parliamentary house inquiry into impediments to business investment that the current $20,000 write-off policy “is a really good one” and would like to see it put into longer-term policy.She said that a decision of just inserting the...
Accountants complacent to cyber risk, expert warns

Accountants complacent to cyber risk, expert warns

In a contributed column for Public Accountant, Kamino Cyber Security Services and Midwinter Financial Services managing director Julian Plummer noted how cyber risk is a key area of risk management within a firm but not very well-understood by accountants.He said...
Agile accounting climate to benefit small firms, says CEO

Agile accounting climate to benefit small firms, says CEO

Speaking to Public Accountant, chair of Walker Wayland and Power Tynan chief executive, Paul Hilton, said the accounting industry is moving more towards a culture of collaboration than it has been in the past.He said agility is becoming more important in the...
ASIC places auditors at forefront of enforcement agenda

ASIC places auditors at forefront of enforcement agenda

According to the report, ASIC enforcement outcomes: January to June 2018, ASIC said it will continue to focus on the conduct of gatekeepers – including auditors, company directors and officers, insolvency practitioners and business advisers – to ensure that they meet...
Government ignores IPA lobbying on behalf of auditors

Government ignores IPA lobbying on behalf of auditors

In May, IPA chief executive Andrew Conway said he was working with the government around concerns about the three-year SMSF audit cycle.Then in June, the IPA ramped up its lobbying efforts, calling the government’s justification that the three-year cycle will reduce...