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  • Audit

    Effective internal controls are crucial for SMEs

    January 30, 2019

    Internal controls ensure the assets of your business remain free from fraud! Effective internal controls are crucial to SMEs as they are more vulnerable to fraud, theft and errors. Small businesses generally have weak internal controls and these failures begin with the business owners and management. Internal controls ensure the assets of the business remain […]

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  • Audit

    Proposed changes to ‘Large’ Proprietary Company thresholds

    January 14, 2019

    What constitutes a ‘Large’ Proprietary Company? The Government has proposed an increase to thresholds for determining what constitutes a large proprietary company under the Corporations Act 2001. Large proprietary companies that meet the criteria (unless exempted under certain circumstances) are required to prepare and lodge an audited financial report with the Australian Securities and Investments […]

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    Audit

    Superannuation on Annual Leave Loading

    December 19, 2018

    Superannuation Guarantee (SG) compliance according to the ATO. Superannuation compliance monitoring has always been a high priority for the Australian Taxation Office (ATO). However, in recent times, this has become a strong focus and has been aided with the ATO’s implementation of data analytics software and data collection efforts. One of the areas which has […]

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  • Audit

    Not-For-Profits should not be not for profit

    December 10, 2018

    Expert advice for Not-For-Profit Organisations. I have worked on numerous Not-For-Profit (NFP) organisations over my career at Accru Melbourne and looking back I’ve noticed a considerable shift particularly in the last few years. Maybe that shift is coming from within these organisations or maybe it’s due to external pressures, or even a combination of both […]

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  • Audit tech - Accru Melb
    Audit

    Change in Audit Profession due to Technology Advancements

    November 5, 2018

    Transformation of technology enhancing audit procedures. The transformation of technology has enhanced audit procedures evolving the traditional sources of information gathered during an audit. As businesses grow and operations become more complex, technology assists in analysing data. Cloud software have allowed access to large volumes of data, which enables the audit process to begin before […]

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  • Benchmarking - Accru Melb
    Audit

    Valuable insights of Benchmarking

    October 16, 2018

    What is Benchmarking? Benchmarking is the measurement of your organisation’s performance and processes, and comparing this to those of other similar organisations in the same industry. Benchmarking can be applied to products, services, processes or functions within the organisation and will be unique for different organisations. What’s involved in Benchmarking? Identify areas to benchmark: Examples […]

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  • Aged Care Happy - Accru Melbourne
    Audit

    The Consumer is King in the Aged Care Future

    September 20, 2018

    Providers need to keep up as consumers have more bargaining powers than ever before! As the population ages, modernised and targeted reform is being introduced, and the consumer has more bargaining power now than ever before. The $3.7 billion “Living Longer Living Better” package rollout, which took 5 years, ended on 30 June 2017. The […]

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  • SMEs growth - Accru Melbourne
    Audit

    Small businesses – what drives your bottom line?

    September 4, 2018

    Do you want to ensure success for your small business? Small businesses have always played a crucial part in the Australian economy, currently contributing to over 50% of Australia’s Gross Domestic Product (GDP) while creating approximately 7 million Australian jobs. The sentiment of how important small businesses are to Australia’s economic prosperity is shared by […]

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  • Foreign company reporting - Accru Melbourne
    Audit

    Foreign controlled companies – Financial Reporting obligations and applicable exemptions

    August 17, 2018

    What are the commercial and statutory requirements of a foreign controlled company? The financial reporting and audit obligations of foreign controlled companies in Australia can be imposed under various requirements. These requirements can be divided into two categories as listed below. The commercial requirements appears to be quite straightforward to understand for directors and local […]

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  • Towards competitive NFP sector - Accru Melbourne
    Audit

    Towards a Competitive Not-For-Profit Sector

    August 1, 2018

    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 […]

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