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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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  • 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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  • Auditor handshake - Accru Melb
    Audit

    Choose the right External Auditor for your organisation

    July 19, 2019

    Auditor transition made easy at Accru Melbourne Choosing the right External Auditor for your organisation can be a difficult task and often requires selective screening. One of the reasons for the importance of screening is the fact that once selected, moving away from your auditor can be an even harder task than choosing the right […]

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  • Director company - Accru Melb
    Audit

    Directors need to understand effective Risk Management and Governance

    June 17, 2019

    Key principles to ensure you’re a successful Director. Whether you are the Director of a Company or someone charged with governing an organisation, the principles of effective risk management and governance are highly relevant to the success of your role. What is Corporate Governance?  Every organisation has goals and strategic business objectives. The Company’s Board […]

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  • Aged Care - Accru Melb
    Audit

    Aged Care – Royal Commission Insights

    May 27, 2019

    Aged Care: Insights from the Royal Commission so far… The Royal Commission report into Aged Care Quality and Safety aims to transform aged care for Australians across the country. Although the final report isn’t due until April 2020, Mr Gary Barnier, an aged care expert, summarised the Royal Commission’s findings for Chartered Accountants Australia and New […]

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  • Financial Reporting Audit - Accru Melb
    Audit

    AASB intention to update financial reporting framework

    May 7, 2019

    AASB to update financial reporting framework. The Australian Accounting Standards Board (AASB) is working on a new initiative to update the Australian Conceptual Framework for Financial Reporting (RCF). The research phase of this project was completed in April 2018, with the AASB joining forces with government policymakers and regulators in an effort to make the […]

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