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  • Audit

    The best insurance for a company is an audit

    October 20, 2021

    Is it time for an audit? There are many reasons why a company may need an audit. These may vary from cash flow concerns and a general hunch that something is just not working out in the business, to a need to have a better grasp on the profitability of the business. You may also […]

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  • Audit

    External Auditors are Important: Ensure you choose the right one

    September 29, 2021

      A move to a new Auditor can be difficult Selective screening is often required when choosing the right External Auditor for your organisation. Such a move can be a difficult task because once selected, moving away from your auditor can be an even harder task than choosing the right one in the first place. […]

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    Understanding effective Risk Management and Governance

    July 14, 2021

    Corporate Governance?  Goals and strategic business objectives are important in every organisation. A Company works towards these goals while complying with legislation and regulatory requirements, and minimising risk exposure. It is the responsibility of the Company’s Board to ensure this. Corporate Governance influences how a Company runs by bringing together and connecting: Management Directors Members/Shareholders/Owners Stakeholders […]

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    The Value of Benchmarking

    April 28, 2021

    What is Benchmarking? Businesses should always be looking for ways to grow and improve performance – but in an increasingly competitive world, there are a lot of companies looking to do the same. So how do you stay at, or get to, the top of your industry? How do you ensure your business is operating […]

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    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 […]

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    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 […]

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  • 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 […]

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  • 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’ […]

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  • 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 […]

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    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 […]

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