• Accru Blog Banner

    Financial and Business News

  • Audit

    Complexity of accounting standards, AASBs and our technical expertise

    March 31, 2021

    Accounting standards which mandate the financial reporting preparation for preparers of general purpose financial statements are usually complicated, detailed, and lengthy. As such, the standards can be difficult to comprehend, and their application can be a daunting and confusing task. Not only for accounting professionals freshly entering the field, but for those with years of […]

    Read more

  • Audit

    The impact of COVID-19 on international education and schools

    February 10, 2021

    International education is among the largest Australian export industries with a staggering $37.6 billion contribution to the economy in just 2019. Furthermore, the sector has contributed a record $13.7 billion in just the State of Victoria. These statistics just highlight the significance of this industry on the Australian economy and the benefits can be further […]

    Read more

  • Audit

    Pressures and uncertainties on the Aged Care Industry

    November 26, 2020

    The unprecedented event of COVID-19 has changed many aspects of all industries and is forecasted to have long-term implications in the foreseeable future. Given the high risk and volatility within the Aged Care industry, there is a greater unexpected pressure that could be unavoidable. Currently, the Royal Commission is focused on improving the health and […]

    Read more

  • Audit

    Changes to VRQA requirements for Independent Schools

    October 20, 2020

    Our education sector regulator the Victorian Registration and Qualifications Authority (VRQA) has recently amended the guidelines for minimum requirements for Independent Schools. There are numerous changes as outlined in the latest guidelines which can be found here. Amongst the various changes is the requirement for the school’s business plan to be validated by an ‘independent’ […]

    Read more

  • Towards competitive NFP sector - Accru Melbourne
    Audit

    Towards a Competitive Not-For-Profit Sector

    September 14, 2020

    The “third sector” is important to us! The Not-For-Profit (NFP) sector is often described as the “third sector”, behind the public and private sectors. This sector accounts for about 10% of the Australian workforce and makes an important contribution to Australia’s GDP. While the numbers are significant, they ignore the contributions of hundreds of thousands […]

    Read more

  • cyber security girl laptop
    Audit

    How to safeguard your school against cyber threats.

    August 12, 2020

    A significant threat to schools with sensitive data on students, parents and teachers. Cyber attacks are a major concern for many organisations and especially schools. It is one of the significant threats to schools  due to the sensitive data held relating to students, parents and teachers. Schools are expected to ensure there is no unauthorised […]

    Read more

  • Audit

    Aged Care Industry – Staff Underpayments by Employers

    July 14, 2020

    The complexity of industrial Awards. There has been a recent increase in media headlines in relation to staff underpayments by employers across various sectors including retail and hospitality. The most common response to incidents of underpayment is in relation to the complexity of industrial Awards, with over 100 Awards in Australia. Our knowledge and exposure […]

    Read more

  • Aged Care Beds
    Audit

    Do Aged Care Bed Licences have a value?

    June 9, 2020

    Lower profits and more scrutiny in the industry has heightened compliance. The Aged Care industry has seen no shortage of media attention recently with the Royal Commission being established and reports surfacing that many organisations believe there is inadequate funding to support the growing ageing population in Australia. Lower profits and more scrutiny in the […]

    Read more

  • Aged Care Sector - COVID-19
    Audit

    COVID-19 – Impact on the Aged Care Industry

    May 11, 2020

    Immense effect on the Aged Care Sector due to the Coronavirus. The emergence of COVID-19 has already impacted many industries and will further impact in the short to medium term. However, given the increased vulnerability to this virus faced by older people, perhaps the most at risk industry to this virus is the aged care […]

    Read more

  • COVID-19 - Finance & Business - Accru Melbourne
    Audit

    COVID-19 – Impact on Accounting & Financial Reporting

    April 14, 2020

    COVID-19 creating additional Accounting and Financial consequences. COVID-19 has caused a global health pandemic and brought challenging consequences to our society. As the situation is changing rapidly, the spread of the virus which had impacted certain industries initially is now creating considerable uncertainty for the world economy and financial markets. Extraordinary effort has been deployed […]

    Read more