Blogs

Lee White CEO

Lee White

Tab 1

22 Dec 2014 @ 1:07 | Lee White

A message from Lee White

                2014 has been an exciting year. I want to thank you for supporting us to drive the change you voted for. We...

Tab 2

1 Sep 2014 @ 5:08 | Lee White

Financial literacy makes dollars and sense

Having the knowledge to manage your own money and finances is one of the most important skills you can learn and apply every ...

Tab 3

1 Aug 2014 @ 12:09 | Lee White

Stand out from the graduate crowd

Chartered Accountants Australia and New Zealand is giving university students an exciting opportunity to gain work experience...

Tab 4

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...

Tab 5

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...

Taxing issues

Michael Croker

Tab 1

12 Apr 2015 @ 11:45 | Michael Croker

Could artificial intelligence start making tax decisions?

The ATO members of one of the many consultation forums I attend have asked me to put together a presentation on what I think ...

Tab 2

9 Apr 2015 @ 12:02 | Michael Croker

Is this a quality tax reform policy? The Chartered Accountants’ 10 Point Guide

Is this a quality tax reform policy? The Chartered Accountants’ 10 Point GuideTax reform is never easy, and it is rare that a...

Tab 3

6 Apr 2015 @ 11:31 | Michael Croker

ATO asks digital economy companies the crucial question: "What are you actually doing here?" The GST angle.

The new edition of Acuity has a great article on Netflix, the latest offshore digital disruptor to appear in Australia. Consu...

Tab 4

20 Mar 2015 @ 6:36 | Michael Croker

UK Budget confirms Diverted Profits Tax and boosts anti-avoidance rules

The UK Budget handed down on 18 March 2015 confirms the introduction of a Diverted Profits Tax (DPT) from 1 April 2015.The ta...

Tab 5

15 Mar 2015 @ 9:47 | Michael Croker

Chartered Accountants Australia and New Zealand lodge submission on ATO's Single Touch Payroll proposals

Thanks to all our members who commented on the ATO’s single touch payroll proposals.Our submission has now been lodged. We su...

Getting to the heart of members

Simon Grant

Tab 1

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...

Tab 2

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

Tab 1

25 Mar 2015 @ 11:16 | Liz Stamford

Whose accounts are they anyway?

How familiar is that question? Governance structures are generally quite clear; shareholders appoint directors, directors app...

Tab 2

18 Feb 2015 @ 10:24 | Liz Stamford

How much is enough?

This is the question that surrounds almost every audit debate.The auditor assesses the risk of material misstatement and addr...

Tab 3

15 Jan 2015 @ 10:37 | Liz Stamford

What a year that was…

Happy New Year to you all and I hope you managed a have a refreshing break. We certainly needed it didn’t we? What a year 201...

Tab 4

26 Nov 2014 @ 7:12 | Liz Stamford

How important is governance?

Scrutiny of our capital markets, and business practices is increasing. This is excellent. For markets, and business to work, ...

Tab 5

20 Oct 2014 @ 4:30 | Liz Stamford

Is ongoing training really necessary?

In the audit space, the core objectives of an audit are pretty constant – the auditor needs to form an opinion on whether the...

Reporting

Michael Fraser

Tab 1

9 Apr 2015 @ 12:58 | Michael Fraser

Is digital disruption the saviour for disclosure overload issues?

The irony of the disclosure overload debate is that it is in itself a crowded space. It is also an oversimplified and poorly ...

Tab 2

12 Mar 2015 @ 1:09 | Michael Fraser

Is it naïve to think politics might sit outside of accounting standards?

At times the standard setting process is described as being “too political”. I don’t claim to know exactly what is meant by t...

Tab 3

5 Feb 2015 @ 12:12 | Michael Fraser

Financial Accounting Reform: what is it good for?

To suggest that we have the best of all possible financial accounting frameworks and systems is at best naïve and at worst da...

Tab 4

3 Dec 2014 @ 4:25 | Michael Fraser

Deck the halls... or clear the decks?

At this time of the year, Christmas preparations are well underway, meaning different things to different people. For some th...

Tab 5

5 Nov 2014 @ 10:37 | Michael Fraser

Financial Reporting: Technical and Ethical Integrity

As reporting professionals it is important that we reflect equally on our technical and ethical integrity. As can be seen in ...

Financial advisory services

Hugh Elvy blog

Tab 1

26 Feb 2015 @ 2:46 | Hugh Elvy

The time is always right to do what is right.

2015 has well and truly commenced and many of us are wading through a range of consultations and recommendations from the Par...

Tab 2

16 Dec 2014 @ 10:15 | Hugh Elvy

FSI report: consumer imbalance, culture and leadership – more than just regulation

The Financial Systems Inquiry (FSI) report contained a range of recommendations that included reducing super fees, banning SM...

Tab 3

27 Nov 2014 @ 12:27 | Hugh Elvy

To be or not to be (licensed) that is the (immediate) question

The removal of the accountants’ exemption and the new limited licensing framework is a significant business decision for prof...

Tab 4

30 Oct 2014 @ 2:54 | Hugh Elvy

A Register of Financial Advisers. Let’s make sure consumers want to use it

As part of the Government’s response to the Senate inquiry into the performance of ASIC, Minister for Finance, Senator Corman...

Tab 5

3 Sep 2014 @ 2:46 | Hugh Elvy

We don’t plan to fail but we do fail to plan

Unfortunately when it comes to money and finances, if there is one thing many people are terrific at, it is failing to plan. ...

Tab 6

28 Aug 2014 @ 7:11 | Hugh Elvy

Heading in the right direction, don't stop now

It’s interesting that we are now full steam ahead to raising education requirements for those providing financial advice. The...

Tab 7

31 Jul 2014 @ 6:28 | Hugh Elvy

The accountants’ exemption – What is the expectation?

With the first year having passed for professional accountants to transition into the licensing framework, it is worth reflec...

Tab 8

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...

Tab 9

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 ...

Tab 10

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?...

Superannuation

Liz Westover

Tab 1

15 Apr 2015 @ 5:36 | Liz Westover

Getting it right – taxation in superannuation

The recent release of ‘Re-think’, the Federal Government’s tax discussion paper (or tax white paper as most people are referr...

Tab 2

19 Mar 2015 @ 12:59 | Liz Westover

What really is the outcome from misconceptions of SMSFs and tax?

For many years, the self-managed super fund (SMSF) industry has had to fight off many of the myths and misconceptions regardi...

Tab 3

4 Feb 2015 @ 10:42 | Liz Westover

Heading in the right direction

The question was recently put to me asking what my wishlist was for superannuation in 2015.  Specifically, the person wanted ...

Tab 4

23 Jan 2015 @ 12:42 | Liz Westover

Changing the super guarantee laws

It was with much excitement and interest that I read through the recommendations from the Board of Taxation’s Review of Tax I...

Tab 5

17 Dec 2014 @ 3:07 | Liz Westover

Borrowing in super – not OK?

Most people would be aware of the recommendation arising from the recently released Financial Systems Inquiry (FSI) report to...

Business policy & sustainability

Karen McWilliams

Tab 1

11 Mar 2015 @ 12:31 | Karen McWilliams

The UN Sustainable Development Goals you’ve probably never heard of!

2015 is a big year for the United Nations. In September, the UN member nations will adopt the Sustainable Development Goals (...

Tab 2

24 Feb 2015 @ 4:50 | Karen McWilliams

What does risk have to do with it?

We recently released our latest publication in our future[inc] thought leadership series: Risk-wise and a fair go? A plan for...

Tab 3

17 Dec 2014 @ 1:20 | Karen McWilliams

Celebrating 10 years of Accounting for Sustainability

A decade ago, HRH The Prince of Wales identified the critical role accountants and the finance community could play in drivin...

Tab 4

8 Dec 2014 @ 4:11 | Karen McWilliams

Risk-wise and a fair go? How does our nation measure up?

Last week we released the latest piece in the future[inc] thought leadership series, Risk-wise and a fair go? A plan for Aust...

Tab 5

17 Oct 2014 @ 1:20 | Karen McWilliams

Climate change: the new wolf of Wall street?

I was recently in New York at same time as the United Nations Climate Summit was held. Whilst there, I spoke with a member wh...

Practice management

Paul Meredith

Tab 1

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...

Tab 2

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...

Tab 3

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...

Tab 4

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 5

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

Tab 1

18 Dec 2014 @ 12:53 | Geraldine Magarey

Quotas for Germany – is this a sign of things to come?

Germany is the largest economy in Europe and the fourth largest in the world. It has an elected female chancellor in Dr Angel...

Tab 2

17 Nov 2014 @ 10:52 | Geraldine Magarey

Protecting our cyber future

The world of crime has evolved. Twenty years ago criminals would physically walk into a bank, hold up the staff and customers...

Tab 3

17 Oct 2014 @ 1:21 | Geraldine Magarey

Chartered Accountants to take up pay equity challenge

CEOs and business leaders who have acted on gender pay equity often mention a light bulb moment which made them see gender eq...

Tab 4

25 Sep 2014 @ 12:06 | Geraldine Magarey

September the perfect time for a payroll spring clean

September is not just the start of spring but the time when we raise awareness around the growing issue of the gender pay gap...

Tab 5

4 Sep 2014 @ 12:05 | Geraldine Magarey

Forget the abs, it is time for financial fitness

It is the beginning of spring and of course time for those ubiquitous ads promoting getting fit for summer. However, what abo...

Education

James Guthrie

Tab 1

28 Jan 2015 @ 3:13 | James Guthrie

Future Proofing the Profession: Preparing Business Leaders and Finance Professionals for 2025

A few short years ago driverless cars seemed like the stuff of science fiction. Now they are reality, with their use in certa...

Tab 2

12 Dec 2014 @ 3:42 | James Guthrie

Why all education matters to us

I doubt that many of us would argue against the importance of education for Australia’s economic growth and wellbeing. While ...

Tab 3

23 Nov 2014 @ 9:33 | James Guthrie

Accounting for wellbeing

Traditional views of accounting among the wider population – and even at times the accounting profession – are very much focu...

Tab 4

23 Nov 2014 @ 9:32 | James Guthrie

Beyond The Financial : Re-Thinking The Capitals In Practice and Assurance

In 1494, Italian monk Luca Pacioli published an overview of the mathematics of his time. His 36-chapter work described what h...

Tab 5

28 Oct 2014 @ 4:13 | James Guthrie

Tackling the gender gap

Tackling the gender gap seems like mission accomplished when we think back to the bad old days of last century and beyond. Bu...

Leadership & Advocacy

Rob Ward

Tab 1

15 Mar 2015 @ 10:09 | Rob Ward

Bitcoin: a disaster waiting to happen?

This editorial piece appeared in The Australian March 16 2015.AROUND the world, national governments are struggling to unders...

Tab 2

16 Feb 2015 @ 2:45 | Rob Ward

Why the upcoming federal budget should avoid tax announcements

Tax announcements in the upcoming federal budget should not be expected. If the government release piecemeal tax announcement...

Tab 3

20 Nov 2014 @ 12:23 | Rob Ward

Live blog: World Congress of Accountants 2014

Day 4 and Thank You Roma!Members of our Profession are by nature optimists. They are charged with major responsibilities to c...

Tab 4

9 Nov 2014 @ 9:48 | Rob Ward

Changes in GST and broader tax reform should be on Tony Abbott’s agenda

This editorial piece appeared in The Australian November 7 2014Tony Abbott did not make any specific announcements about GST ...

Tab 5

7 Aug 2014 @ 4:37 | Rob Ward

Why the New Zealand general election must focus on national policy

With the general election next month, both sides of politics must address how they are going to face the economic challenges ...