Blogs

Lee White CEO

Lee White

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21 Jul 2014 @ 2:46 | Lee White

New capping liability scheme

The recent approval by the Professional Standards Council of our five year limitation of liability scheme provides much-neede...

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1 Jul 2014 @ 11:04 | Lee White

A brand new start: Chartered Accountants Australia and New Zealand

Welcome to Chartered Accountants Australia and New Zealand, the beginning of an exciting new chapter for the profession. Toda...

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19 May 2014 @ 7:04 | Lee White

Budgets across the Tasman

Last week was a busy one for both the Institute of Chartered Accountants Australia and the New Zealand Institute of Chartered...

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23 Oct 2013 @ 10:25 | Lee White

Accounting for tomorrow, today

This week’s announcement of the National Commission of Audit is an opportune moment for the government to do a spring clean o...

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3 Sep 2013 @ 3:44 | Lee White

Electing for a stronger economy

In the final days of the election we must take a step back and assess who has the better plan for our economy and our nation....

Taxing issues

Michael Croker

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6 Jun 2014 @ 2:25 | Michael Croker

Higher university costs the new BBQ stopper

Year-end tax planning discussions during June 2014 have a new and important agenda item: ‘How do I help my kids with increase...

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22 May 2014 @ 7:04 | Michael Croker

Federal Budget: Folding on funding for the future?

Last week’s Federal Budget was a significant opportunity for the new government to lay the foundations for Australia’s future...

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29 Apr 2014 @ 2:47 | Michael Croker

Rumours and reality of the federal budget

With just two weeks to go before the 2014-15 Federal Budget is announced, the rumour mill is in overdrive as to what the gove...

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7 Apr 2014 @ 12:37 | Michael Croker

Why I support tax amnesties

The Institute consulted with the ATO on the design of Project DO IT (Disclose Offshore Income Today), the voluntary disclosur...

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30 Mar 2014 @ 10:44 | Michael Croker

Division 7A discussion continues

Released in March 2014, the Board of Taxation's 2nd Discussion Paper will be of interest to tax advisers frustrated with the ...

Getting to the heart of members

Simon Grant

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22 Apr 2013 @ 3:52 | Simon Grant

Leaning-in

Are you an inner or an outer, or just someone trying to keep all the balls in the air while managing a smile and trying to ha...

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24 Mar 2013 @ 11:27 | Simon Grant

Looking out for number one

Welcome to the first instalment of my monthly blog, Getting to the Heart of Members. As the general manager of members, my re...

Audit

Liz Stamford

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22 Jul 2014 @ 11:19 | Liz Stamford

Change in store for audit reporting

Within six months the global audit profession could see three new international standards which will contribute to the radica...

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24 Jun 2014 @ 4:53 | Liz Stamford

The audit ethos

As we prepare to move into a new chapter of our profession, I thought it would be good to look through some past research int...

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20 May 2014 @ 3:17 | Liz Stamford

The parallels Down Under

Now here’s an interesting approach from an audit regulator in the United States – a firm may register with the Public Company...

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26 Mar 2014 @ 4:50 | Liz Stamford

How can you judge audit quality?

Should professionals be held accountable for the quality of their work? Without a doubt. Audit regulatory inspections and the...

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14 Feb 2014 @ 1:34 | Liz Stamford

How do you audit something for which there is no right answer?

Don’t you love the New Year? Thousands and thousands of predictions for the 12 months ahead. Just occasionally I wonder wheth...

Reporting

Kerry Hicks blog

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6 Jun 2014 @ 12:12 | Kerry Hicks

So what is Essential this coming reporting season?

We will see a new wave of IFRS standards applying to 30 June year ends for the first time this reporting season. We haven’t s...

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7 May 2014 @ 7:02 | Kerry Hicks

Do we need an international standard for NFPs?

Would Australian standard setters ever accept a separate suite of standards (or just a separate standard) for not-for-profits...

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27 Mar 2014 @ 11:57 | Kerry Hicks

Disclosure overload – is there a way out?

The issue of disclosure overload in financial reporting continues to be widely debated. Does more information lead to better ...

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6 Feb 2014 @ 6:02 | Kerry Hicks

Charities – back to the drawing board

The proposed abolition of the Australian Charities and Not-for-profits Commission continues to be an immediate priority of th...

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9 Jan 2014 @ 10:00 | Kerry Hicks

Is your financial report of high quality?

When it comes to assessing quality of the financial reporting and audit processes, it seems that the audit side receives most...

Financial advisory services

Hugh Elvy blog

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29 May 2014 @ 4:41 | Hugh Elvy

Not only is the customer king – so is trust

As the financial services industry continues to again discuss and debate FoFA the question that must be asked is - what is al...

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28 Feb 2014 @ 4:54 | Hugh Elvy

Will direct and online really take over from face to face advice?

Again the issue of selling financial products directly to consumers and getting advice online is being debated based on more ...

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30 Jan 2014 @ 5:13 | Hugh Elvy

Different investors, different regulation?

A question that comes up from time to time (and now is one of those times), do different investors need different regulation?...

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28 Nov 2013 @ 3:52 | Hugh Elvy

A slice of the pie shouldn’t be the focus

With a major inquiry about to kick off, its timely to reflect on others we've had in recent years and see what the recommenda...

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29 Oct 2013 @ 3:56 | Hugh Elvy

A new government – “A change is as good as a holiday”

There is an old adage that “a change is as good as a holiday”. That is not to say change always equates to lying on the beach...

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27 Aug 2013 @ 6:49 | Hugh Elvy

The jigsaw pieces of regulation not yet fitting together

I recently wrote an article for Professional Planner magazine “The jigsaw and the bigger picture” on the range of regulations...

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27 Jun 2013 @ 5:38 | Hugh Elvy

Sometimes the best advice may be nothing

If there is one absolute certainty, it is the importance and value of obtaining professional and trusted advice. That is, rea...

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30 May 2013 @ 6:43 | Hugh Elvy

Insurance – why are we still underinsured?

Insurance has been around for a very long time. In fact, some would say that the origins of today’s financial planning indust...

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26 Apr 2013 @ 3:33 | Hugh Elvy

Bridging the gap towards improved financial literacy

In my last blog, I highlighted the level of anxiety felt by consumers when it comes to obtaining financial advice from a fina...

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9 Apr 2013 @ 6:47 | Hugh Elvy

Advisor anxiety and low financial literacy

Earlier this year, the National Seniors Productive Ageing centre report, The Role of Financial Literacy and Financial Adviser...

Superannuation

Liz Westover

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3 Jul 2014 @ 12:18 | Liz Westover

Lifting the age of access to the aged pension

The Government’s announcement in the May budget to lift the aged pension access age to 70 has resulted in much discussion, wi...

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5 Jun 2014 @ 12:31 | Liz Westover

All eyes on low cost SMSF audits

Low cost SMSF audits have been prominent in the media recently following suggestions from the Australian Taxation Office (ATO...

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16 May 2014 @ 4:18 | Liz Westover

Super Guarantee a certainty

While there weren’t too many changes for superannuation in this year’s Federal Budget, one announcement which has caused quit...

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2 Dec 2013 @ 3:08 | Liz Westover

Raising the pension age

In recent weeks there have been calls from a number of sources for the aged pension access age to be lifted to 70. It’s an in...

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4 Oct 2013 @ 1:37 | Liz Westover

A New Government, a super change?

As the new government starts to settle in, the super industry has been working through new and outstanding issues that need a...

Business policy & sustainability

Karen McWilliams

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13 Jun 2014 @ 3:59 | Karen McWilliams

Is financial literacy key to wellbeing?

I chaired a session at our Business Forum in Sydney which discussed why measuring wellbeing matters to business. The session ...

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12 May 2014 @ 1:08 | Karen McWilliams

What does the future for business look like and the workforce to go with it?

I recently attended a CEDA event The making of an agile workforce as part of their Australia Adjusting series. The CEO from t...

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9 Apr 2014 @ 11:17 | Karen McWilliams

Can our economy come full circle?

Our current ‘take, make, dispose’ economy dictates that it is often cheaper and easier just throw away our old goods such as ...

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19 Mar 2014 @ 11:14 | Karen McWilliams

Can Australia weather the burst of a carbon bubble?

In January, I talked about the risk of the carbon bubble – a potential massive over-valuation of fossil fuel reserves. Earlie...

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27 Feb 2014 @ 12:16 | Karen McWilliams

Not another reporting Framework?

Many organisations are now preparing and publishing a range of information on environmental and sustainability indicators and...

Practice management

Paul Meredith

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2 Jun 2014 @ 11:05 | Paul Meredith

Be alert to ethical challenges on social media

Accountants' use of social media is increasing. A recent survey of UK accountants showed three out of four accountants now us...

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4 Feb 2014 @ 10:53 | Paul Meredith

Can a CA witness a statutory declaration?

In an ideal world, questions like whether a CA can witness a stat dec would have a simple Yes or No answer. It will come as n...

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4 Feb 2014 @ 10:24 | Paul Meredith

How to witness a statutory declaration

Now that we've established whether a CA can witness a statutory declaration, let's examine what the witness needs to do.Accor...

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23 Dec 2013 @ 11:13 | Paul Meredith

Fraud Risk Self-Assessment Tool

Any business is potentially at risk of fraud. Accountants can assist their clients, and themselves, to identify the controls ...

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13 Dec 2013 @ 12:10 | Paul Meredith

Handover of electronic data on change of accountant

When a client transfers to another accountant, the Institute's Regulation 9 requires that a member in public practice must pr...

Corporate Governance

Geraldine Magarey

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18 Jul 2014 @ 3:38 | Geraldine Magarey

How does an organisation incentivise ethics?

EY recently released its 13th Global Fraud Survey Overcoming compliance fatigue: Reinforcing the commitment to ethical growth...

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19 Jun 2014 @ 6:01 | Geraldine Magarey

Financial literacy a career and life skill but what are we doing about it?

I have been reading with interest recent media reports about the decline of maths in secondary education, predominantly among...

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21 May 2014 @ 4:26 | Geraldine Magarey

Why is the compelling case for integrated reporting still such a secret?

I attended a really interesting panel discussion last week in Melbourne on Integrated Reporting <IR>. The panel represe...

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29 Apr 2014 @ 2:16 | Geraldine Magarey

Are ASX diversity guidelines working?

It is now two years since the ASX Corporate Governance Council introduced recommendations around diversity as part of its Cor...

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13 Mar 2014 @ 10:33 | Geraldine Magarey

Does Australia need stronger bribery and corruption laws?

Over the past year, we’ve seen a number of stories in our newspapers around foreign bribery and corruption in several compani...

Education

James Guthrie

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15 Jul 2014 @ 2:39 | James Guthrie

The accounting profession’s engagement with Asia

Few subjects could be more topical than engagement with Asia. As members of the region, Australia and New Zealand must consid...

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12 May 2014 @ 12:40 | James Guthrie

Destination Australia

Barely a day goes by without Australia’s higher education system mentioned in the press. The Minister for Education, Christop...

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3 Apr 2014 @ 12:15 | James Guthrie

What does ‘the best’ higher education system look like?

In a recent speech, the Federal Education Minister Christopher Pyne outlined his vision for the Australian higher education s...

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3 Mar 2014 @ 9:08 | James Guthrie

Skilled Occupation List review needs long-term focus

With universities about to welcome new students, many of them international students, debate continues about the place of acc...

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28 Jan 2014 @ 10:28 | James Guthrie

Engaging with Asia and Oceania

As the largest and most populated continent in the world, Asia is a vast cultural region. It’s also known as a region of cont...

Leadership & Advocacy

Rob Ward

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27 May 2014 @ 10:47 | Rob Ward

Where is Australia’s growth mindset?

Last week I spoke at the conference on Financial Reporting for Economic Development in Colombo, this event was the inaugural ...

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13 May 2014 @ 7:08 | Rob Ward

Where's the commission for growth?

Last week the treasurer asked Australians to not judge the budget on what they get or lose, but the quality of life for the y...

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10 Apr 2014 @ 12:25 | Rob Ward

Audit regulation that fits the bill

Welcome to my first blog as Head of Leadership and Advocacy. I’ll be blogging on a range of policy areas that impact business...