ASIC responds to its former audit numbers man Economy & Industry The Australian Securities and Investments Commission seeks to outline the rationale for its changed approach to audit and financial report surveillance.
Premium Insights and analysis Former chief accountant sets out recipe for new regulator April 8, 2024 By Tom Ravlic Economy & Industry David Niven’s requirements are funding, dedicated focus on accounting regulation, and career pathways for financial reporting and audit specialists.
Premium Insights and analysis Is it time for an audit regulator in Australia? April 3, 2024 By Tom Ravlic Economy & Industry PwC Australia falling foul of American regulators’ rules on reporting adverse events begs the question of whether Australia needs similar regulations.
Premium Insights and analysis Policymakers ignore history at their peril March 11, 2024 By Tom Ravlic Economy & Industry History rather than histrionics of outrage and controversy will assist in delivering reasoned policy outcomes.
Premium Insights and analysis Is it OK for policymakers to ignore Office of Impact Analysis guidance? December 4, 2023 By Tom Ravlic Editors' Picks Under what circumstances can elected representatives and bureaucrats ignore guidance on the analysis of regulatory impact?
Premium Insights and analysis Transparency is essential with Chalmers’ creation of new accounting standard-setting beast November 23, 2023 By Tom Ravlic Economy & Industry Policy errors in current accounting and auditing structures make transparency essential for trusting private- and public-sector reporting.
FRC, AASB and AUASB to be merged into single government entity November 22, 2023 By Tom Ravlic Economy & Industry The proposed model will end the traditional separation of the financial reporting and auditing disciplines.
FRC instructs ASIC to improve audit quantity November 9, 2023 By Tom Ravlic Economy & Industry An FRC report into audit quality oversight says the Australian Securities and Investments Commission has reduced its number of audits.
Premium Insights and analysis Deloitte pounces on factual errors contained in report submitted to parliamentary committee October 26, 2023 By Tom Ravlic Economy & Industry Deloitte has taken issue with four statements made by academics to the Parliamentary Joint Committee on Corporations and Financial Services.
Premium Insights and analysis Federal Court decision to provide clarity on dealing with criminal proceedings against auditors October 20, 2023 By Tom Ravlic Economy & Industry An appeal against a decision to pause disciplinary action against an auditor will soon be heard in the Federal Court of Australia.
ANAO happy with resourcing, Grant Hehir says attrition issues par for the course September 15, 2023 By Melissa Coade Federal Inter-agency poaching has increasingly challenged the ANAO to hold on to its ranks of specialist staff, says Grant Hehir.
Should directors be regulated by legally backed governance standards? March 20, 2023 By Tom Ravlic Economy & Industry Inquiries into consulting firms are important but they should always consider the bigger picture. Here are some possible policy suggestions.
Agencies need to be battle-hardened to repel cyber attacks October 19, 2022 By Tom Ravlic 2022 Modernising Government Agencies Special Report How governments grapple with cyber threats depends on how they test technologies, find gaps in processes and strategise future possibilities.
Irresistible logic is behind imminent splits in the big four accounting and audit firms August 1, 2022 By Stuart Kells Editors' Picks The big four accounting firms are seriously considering big changes to their structure and their mix of services.
What happens when procurement goes wrong July 26, 2022 By Tom Ravlic 2022 Better Procurement Special Report Procurement auditing: there are times when the best way to learn best procurement practices is by understanding others’ mistakes.