Viva Energy has altered an accounting judgement made in its 2025 financial report after ASIC raised concerns with its approach to impairment testing.
Profession
With the 1 July start date of the Tranche 2 AML/CTF reforms looming, The Access Group has warned that accountants are still lacking specific, examples-focused guidance.
The corporate regulator and the Australian Accounting Standards Board have announced a series of workshops to help smaller companies get ready for new mandatory sustainability reporting requirements.
The government has opened three consultation papers for reforms that aim to improve consumer protections in the superannuation and financial services sectors.
The accounting and audit professions are entering a new skills era as firms continue to embed AI into their overall strategy, a recent Caseware study has found.
Businesses are wrongly assuming that the Payday Super regime is simply about paying super more frequently, when there are many other vital considerations, Employment Hero has cautioned.
Treasury documents recently released under FOI laws have revealed fresh details about stakeholder views on audit regulation in the aftermath of the PwC tax leaks scandal.
Registered tax practitioners will now be able to control which of their contact details are publicly available on the TPB website.
The professional bodies have called for changes to the bill to consolidate the Financial Reporting Council, AASB, and AUASB into a single entity, after previous recommendations were ignored.
The practical report provides guidance on applying the ISSA 5000 requirements to estimates and forward-looking information.
ASIC's crackdown on the non-lodgment of financial reports has resulted in a further three companies being fined for failing to meet their obligations.