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    Financial and Business News

  • private school fees rise and fall - Accru Melb
    Audit

    The rise and fall of private school fees

    February 19, 2020

    Is a private school education worth the investment? Private school fees have continued to rise at a rate higher than inflation, with 2019 being no exception, seeing an increase of 3.1% Australia wide in comparison to the inflation rate of 1.8%. The private school sector provides added benefits for students who attend whether it be […]

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  • Cyber security inurance - Accru Melb
    Audit

    Do I need Cyber Security Insurance?

    February 17, 2020

    Smaller companies should be just as cautious when it comes to cyber attacks.  Cyber insurance seems to be a trending buzzword for many businesses. Many executives believe that large corporations are the only victims of cyber attempts, but that’s not necessarily the case. Claims against smaller companies can be just as devastating. What does it […]

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  • Financial dept - Accru Melbourne
    Audit

    How can you increase efficiency within your finance department?

    February 14, 2020

    There is always room for improvement within a successful finance department.  After being exposed to multiple finance departments in various industries and companies, I have gained an understanding about how the different functions within the finance department come together and one thing I would say is “there is ALWAYS room for improvement”. Below we have […]

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  • New whistleblower policy 2020
    Audit

    New Whistleblower Policy from 1 January 2020

    January 13, 2020

    Has your company implemented a compliant whistleblower policy? Whistleblowing is an important part of the current corporate landscape. It promotes a variety of key values, such as a company’s compliance to laws which are key to keeping both companies and individuals accountable for their actions. The Corporations Act 2001 has given whistleblowers certain protection with […]

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  • NFP board risk management - Accru Melb
    Audit

    Risk management responsibilities of not for profit board members

    December 6, 2019

    How not for profit organisations should be managing risks.  Not-for-profits (NFP’s) face many of the same challenges as for-profit organisations but they also face an additional layer of risk due to their public exposure which invariably leads to greater risk of scrutiny and reputational harm. Each member of an NFP Board must follow guidelines pertaining […]

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  • Magnifying glass business man - Accru Melb
    Audit

    Why your organisation should not avoid risks!

    November 26, 2019

    What defines ‘risk’ and how does your organisation manage them? Risk is defined as the “effect of uncertainty on objectives”. There are both internal and external risks that may compromise an organisation’s ability to achieve its objectives. As such, it is crucial for organisations to be aware of and manage various risks that they are […]

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  • Accountant vs Auditor - Accru Melbourne
    Audit

    Auditor or Accountant?

    October 28, 2019

    What’s the difference between an accountant and an auditor? The accountant and auditor roles are often confused for each other. With many differences and similarities; the two functions are sometimes interchangeable. Accountants Accountants accumulate daily financial transactions and report on the performance, financial position and cash flows of a business. Duties can include governing the […]

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  • Aged Care RC - Accru Melb
    Audit

    Risk management and governance in Aged Care: the potential impact of the Royal Commission

    September 16, 2019

    Risk management and governance in Aged Care and the Royal Commission Shocking narratives involving the abuse and neglect of elderly people housed in residential aged care facilities made headlines in early 2018. It came as no surprise then that the Royal Commission into Aged Care Quality and Safety was established in September. The general state […]

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  • Risk Management - school council members
    Audit

    Why risk management is important to an independent school’s council member

    August 26, 2019

    School councils should be monitoring potential risks and managing them correctly! Risk management is an important part of any organisation but especially those, like schools, that are exposed to a number of risks at any given time. School council members, especially those who are directors of the school, are responsible for oversight of a risk […]

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  • Audit service - Accru Melbourne
    Audit

    A company needs an audit just like a car needs regular servicing

    July 25, 2019

    Does your company need an audit service? We recently conducted a brainstorming session to explore the reasons why companies would need an audit. It was great to see the flow of ideas from the team and within these ideas – we stumbled upon a gem! We all agreed that an audit to a company is […]

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