Knowing your customer is more important than ever in anti-money laundering regulations. It could also be good for business. By Penny Pryor As the Australian accounting profession awaits the inevitable introduction of Phase 2 anti-money laundering and counter-terrorism financing legislation (known as Tranche 2 in Australia) – which will increase accountants’ data capture and reporting… Read More The bright side of anti-money laundering rules
How can the public’s confidence and trust in audit be strengthened? CA ANZ has developed a 15-point plan. By Lynda Dugdale A good audit is all about trust. Can you trust the numbers? Can you trust the finance team that crunched the numbers? Can you trust the audit partner? Can you trust the audit committee… Read More A roadmap to the future of audit
Finance functions of tomorrow will be powered by an array of tools and technologies, held together by cloud-based platforms. There are two emerging themes that are suggesting how finance folk are going to embrace and use new technologies to manipulate, model and analyse in the future: an explosion of end-user computing (EUC) and the power… Read More Is end-user computing the next big thing for financial modelling?
At a time when clients are demanding more real-time reporting and insights, it’s essential that accountants position themselves on the right side of the workﬂow automation trend. For these CAs that’s meant stepping into a new career as a technology entrepreneur. After all, who is better placed to know what features are required from a… Read More Meet seven accountants turned app developers
Deloitte’s CEO Asia Pacific is bringing together six practices, 2900 partners and 48,000 staff, with India to come. It’s a good thing Cindy Hook FCA has a big vision, as there are big expectations of her. Having stepped into a newly created and hotly debated role as Deloitte’s inaugural CEO Asia Pacific in September 2018,… Read More Cindy Hook FCA: Driving Deloitte’s Asia-Pacific move
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