The Australian Criminal Intelligence Commission (ACIC) released the Serious Financial Crime in Australia 2017 report, which highlights the sophistication and complexity of serious financial crime facing Australia.
Last year the Fair Work Ombudsman has for the first time used accessorial liability laws to obtain penalties against a professional services firm for knowingly helping one of its clients exploit a vulnerable worker. Victorian accounting firm Ezy Accounting 123 Pty Ltd has been penalised $53,880 after the Federal Circuit Court found earlier in the year that it facilitated underpayments by its client, fast food operator Blue Impression Pty Ltd.
Adopting new technologies is the biggest business challenge facing today’s finance leaders and while accounts payable is most likely to be taken over by automation, risk management will remain safe.That’s the view of 374 Australian & New Zealand finance leaders, who share their perspectives in a new report by recruiting experts Hays, What’s Challenging Today’s Finance Leaders?
KPMG Australia’s Distance to Default (D2D) report has revealed an improvement in corporate health across Australian Stock Exchange (ASX) listed companies from December 2016 to June 2017.
A quarter of the country’s biggest 200 companies are now using the principles of ‘integrated reporting’ in their annual reports, with a focus on how they create longer term value rather than short-term earnings, a KPMG study shows.
Swinburne has partnered with accounting software giant, Xero, to reshape accountancy training in Australia with the launch of a new online learning course for students.
Called the Lifelong Learning Platform, the online accounting tool is designed to help boost the financial literacy of secondary and tertiary students, as well as those looking to reskill.