Unless you understand a problem’s underlying cause, you’re unlikely to nail the solution. That’s why audit quality leaders are using root cause analysis to lift audit standards. By David Walker In 1995, a 51-year-old disabled diabetic man named Willie King checked into a Florida hospital to have a diseased leg amputated. Unfortunately, his surgeon cut… Read More Finding the root cause in audit
Some people advance their careers while staying with one employer for many years. But for others, the best way to get ahead is to get out. So how do you know when the time has come to move on? By Fiona Smith Switching jobs is life-changing. It can be stressful, but also open up new… Read More Should I stay or should I go?
By Sally Rose and Nina Hendy Levels of trust have crashed, but accountants can play a big role in healing public faith in business and the finance sector. The business community generally, and the financial services sector especially, is in the grip of a worldwide trust crisis. But while accountants remain relatively unscathed – at… Read More Surviving the public trust crisis
By Sholto MacPherson Single Touch Payroll and Payday Filing may spark a mass migration to cloud accounting among small businesses. Are chartered accountants ready? If there were anything left to debate about whether online software was safe, surely the tax authorities have ended it. Almost simultaneously, the tax departments of Australia and New Zealand have… Read More Do it once, do it right
By Ian Bennett FCA The best approach to budget modelling is choosing a good model design in the first place. Named ranges, on the other hand, are less simple to manage, but may be worth the effort. Whether you’re going through your annual budgeting process, or developing strategic plans for your client’s budgeting, there are… Read More Top modelling tips for budgeting and planning
By Deborah Tarrant Business forecasting, planning and budget setting are evolving rapidly in changing world and it’s hard to keep pace. Finance leaders who are meeting these challenges in established, turnaround and start-up phases, share their secrets on how they make budget. As accounting and finance professionals return to work after the summer holidays, their… Read More Moving target