Blogs

Lee White CEO

Lee White

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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....

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9 Jul 2013 @ 11:37 | Lee White

Self-education should be encouraged, not restricted

The federal government’s proposal to enforce a $2,000 cap on tax deductions for self-education expenses is bad policy. What i...

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15 May 2013 @ 7:28 | Lee White

Sharing risks and benefits of infrastructure investment

Following the federal Budget stakeholder lockup and subsequent discussions and commentary playing out in Canberra, there is a...

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14 May 2013 @ 12:19 | Lee White

Budget lead up: the pre-Budget policy push

Policy-making is always a challenging process. But in an election year, in the lead up to a difficult federal Budget announce...

Taxing issues

Michael Croker

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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 ...

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24 Mar 2014 @ 1:38 | Michael Croker

Rip into red tape

We were delighted to see the Prime Minister launch the Cutting Red Tape website last week.The Institute’s pre-Budget submissi...

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14 Mar 2014 @ 5:39 | Michael Croker

Ramping up data collection needs overarching strategy

The Institute has made a submission to Treasury’s Discussion Paper, 'Improving tax compliance – enhanced third party reportin...

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10 Mar 2014 @ 1:53 | Michael Croker

ATO warns companies to steer clear of dividend access shares

The ATO’s Tax Determination TD 2014/1 serves as a reminder of the potential hazards of issuing special classes of shares in a...

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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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...

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22 Jan 2014 @ 12:25 | Liz Stamford

What’s in store for 2014?

It was a busy year last year in the world of audit – with progress in reforms to the way auditors report and investigations i...

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20 Nov 2013 @ 11:26 | Liz Stamford

Our profession – one year on

One of my earliest blogs in my role at the Institute was about what it meant to be a profession. During my travels over the p...

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21 Oct 2013 @ 6:27 | Liz Stamford

One in, one out

I am a great believer of the one in, one out philosophy. A new pair shoes means an old pair goes out. I like to think that my...

Reporting

Kerry Hicks blog

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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...

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11 Nov 2013 @ 10:38 | Kerry Hicks

How transparent is your charity?

Effective reporting contributes significantly to the performance of charities. This is even more critical now given the exist...

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10 Oct 2013 @ 12:07 | Kerry Hicks

Why the conceptual framework needs your input

The IASB’s consultation on the conceptual framework (CF) is arguably one of the most important it has undertaken in recent ye...

Financial advisory services

Hugh Elvy blog

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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...

Tab 4

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...

Tab 5

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...

Tab 7

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...

Tab 10

6 Feb 2013 @ 5:08 | Hugh Elvy

Financial services: navigating the white water of regulatory change

I recently heard some good advice - that we should ‘get used to the white water, and not go looking for the flat water’. In t...

Superannuation

Liz Westover

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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...

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20 Sep 2013 @ 12:49 | Liz Westover

Should borrowing be allowed in SMSFs?

This week, the Institute held its 4th National SMSF Conference in Melbourne.  The event was a resounding success with amazing...

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28 Jun 2013 @ 12:23 | Liz Westover

A Super new financial year

Friday, 28th June - at this time of year, the planning has been done, the strategies are in place and the final super contrib...

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1 May 2013 @ 12:42 | Liz Westover

Balancing superannuation policy

Today’s timely announcements from Treasurer Wayne Swan and Minister for Superannuation Bill Shorten have put an end to the re...

Business policy & sustainability

Karen McWilliams

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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...

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20 Jan 2014 @ 12:19 | Karen McWilliams

The carbon bubble - accounting issues for fossil fuel reserves

Did you know that between 60-80% of coal, oil and gas reserves of publicly listed companies is ‘unburnable’ if the world is t...

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23 Dec 2013 @ 12:22 | Karen McWilliams

100 days wrap up

The first 100 days of a new government is a time to outline the agenda for the remainder of its political term. It’s also a p...

Practice management

Paul Meredith

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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 ...

Tab 4

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...

Tab 5

9 Dec 2013 @ 2:59 | Paul Meredith

Electronic signatures: can they be used?

Many business documents today exist only in electronic formats, rather than being printed out as physical pieces of paper. Wh...

Corporate Governance

Geraldine Magarey

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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...

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13 Feb 2014 @ 12:18 | Geraldine Magarey

Are we heading to Integrated reporting in Australia?

The release of the International Integrated Reporting Council’s integrated reporting (IR) framework recently was a critical s...

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23 Jan 2014 @ 5:15 | Geraldine Magarey

What is the key to increasing productivity?

Despite the different views of both people and parliamentarians on policy, the one thing everyone agrees on is the need to in...

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29 Nov 2013 @ 3:22 | Geraldine Magarey

Males championing change for business

Gender inequality is often discussed as a key economic issue facing Australia and one group is leading the way on closing the...

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4 Oct 2013 @ 12:40 | Geraldine Magarey

Governance of sports clubs

It is NRL grand final week in Sydney and two of Sydney’s NRL clubs are preparing to face each other this Sunday for the ultim...

Education

James Guthrie

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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...

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19 Dec 2013 @ 11:56 | James Guthrie

Demand driven higher education to stay

The current uncapped system of university places has caused increases in the number of university students and raised questio...

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19 Nov 2013 @ 1:09 | James Guthrie

The value of skilled migrants

There is no question that immigration and international students have changed the shape of Australia’s social landscape for t...

Members in business

Sean Osborne

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4 Mar 2014 @ 12:41 | Sean Osborn

Transforming the finance function

A topic that will be familiar to many Chartered Accountants in business is transformation of the finance function. Transforma...

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3 Feb 2014 @ 10:33 | Sean Osborn

What's hot for members in business in 2014?

We start the New Year with businesses facing uncertain economic conditions at home and globally. Our economy has moved out of...

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11 Dec 2013 @ 4:05 | Sean Osborn

Essential Guidance for December reporting

For many people the new year means taking some well-earned time off to relax or travel. However for those Chartered Accountan...

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30 Oct 2013 @ 2:44 | Sean Osborn

What does it take to be a successful CFO?

The winners in the Financial Review CFO Awards 2013, sponsored by the Institute of Chartered Accountants Australia, will be a...

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4 Oct 2013 @ 3:41 | Sean Osborn

Striking the right regulatory balance

My last blog discussed the need for the new government to consult with business in a timely manner and provide a comprehensiv...