Premium Insights and analysis Former chief accountant sets out recipe for new regulator Economy & Industry David Niven’s requirements are funding, dedicated focus on accounting regulation, and career pathways for financial reporting and audit specialists.
Replacement for outgoing NSW Independent Planning Commission chair April 4, 2024 By Melissa Coade New South Wales Mary O’Kane will be stepping down as chair of the NSW Independent Planning Commission to lead the board of AEMO.
Premium Insights and analysis A deep dive into sustainability reporting audit provisions January 17, 2024 By Tom Ravlic Economy & Industry Those who know little to nothing about sustainability reporting will look at audit provisions and ask what the heck it all means.
It’s on accounting professionals to understand what’s required of them, says PwC December 12, 2023 By Tom Ravlic Economy & Industry Climate change reporting expert Katelyn Bonato says boards and senior management must get familiar with the information that standards require.
Premium Insights and analysis Machiavelli, love and hate in the world of accounting and audit standard-setting November 26, 2023 By Tom Ravlic Economy & Industry Machiavelli might be more useful than all of the academics, accounting firms, legal gurus who have been bloviating on audit regulation.
Accountants deserve detail on proposed merger of oversight bodies: Taylor November 26, 2023 By Tom Ravlic Economy & Industry Shadow treasurer Angus Taylor says the coalition supports the policy of regulatory simplification and will review the proposed merger.
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.
Premium Insights and analysis Financial Reporting Council calls for greater imagination to fix auditing gaps November 10, 2023 By Tom Ravlic Economy & Industry The FRC wants more creative thinking in the design of regulatory solutions for auditing, with not every auditor category having oversight.
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.
Some auditors avoid independent oversight, says accounting standards body September 7, 2023 By Tom Ravlic Economy & Industry The Financial Reporting Council says individuals and firms doing audits of entities other than ASIC listed companies do not face robust regulation.
Premium Insights and analysis Ethical standards body ponders government takeover August 21, 2023 By Tom Ravlic Economy & Industry The Accounting Professional and Ethical Standards Board (APESB) has floated the idea of a federal government takeover of its operations.
ISSB wants biodiversity, human capital, human rights disclosed in financial reports December 12, 2022 By Tom Ravlic Economy & Industry The International Sustainability Standards Board seeks biodiversity, human capital, and human rights disclosure in financial reporting.
Expert in sustainability accounting Emma Herd joins Financial Reporting Council November 21, 2022 By Tom Ravlic Economy & Industry Treasurer Jim Chalmers has announced the appointment of EY partner Emma Herd to the Financial Reporting Council.
Accounting bodies work to join Australia up to sustainability-disclosure standards November 11, 2022 By Tom Ravlic Energy & Environment Big Four accountants join AASB and Auditing and Assurance Standards Board to help implement singular, global sustainability-reporting rules.
Premium Insights and analysis No better time to review auditing and regulatory structures June 7, 2022 By Tom Ravlic Editors' Picks A key reason to change the way the standard-setting system is structured is that accounting and auditing guidance is legally backed.