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    Financial and Business News

  • 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 […]

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  • 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 […]

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  • 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 […]

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  • 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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