The opportunities and challenges for Australia and New Zealand in developing closer ties with the Asian region on business, education and practice are discussed in a new publication. As one of the major driving forces of the global economy, Asia’s growth is intimately linked to Australia and New Zealand’s prosperity.
By Dr Ros Whiting CA, Professor Elizabeth Gammie CA, and Associate Professor Kathleen Herbohn A look at the prospects for women as partners in professional accountancy firms. New Zealand and Australian women are fast increasing their presence in the accounting profession. Women currently constitute 42% of NZICA’s and 38% of ICAA’s membership, and are reaching senior… Read More Women in Partnerships
By Zowie Murray Asking the right questions when considering either acceptance of new clients or continuance of existing clients, is a key first step for establishing a quality relationship between the auditor and client. Audit firms are encouraged to approach client acceptance and continuance with selectivity, taking on and retaining only those audit clients that are consistent with their ethical obligations.
By Zowie Murray CA Can audits be more profitable while achieving quality? The answer to the question posed here – whether audits can be more profitable while achieving quality – is a resounding “yes”. It is possible to increase efficiency and improve your realisation rate, yielding more profit on audit assignments both large and small, without compromising quality. Some accounting… Read More The Politics of Audit Pricing
By David Lont CA and Dr Tom Scott Has expense reporting improved since the introduction of IFRS in New Zealand? Expense reporting allows users of financial statements to assess business efficiency, make comparisons between firms, and may help improve forecasts of future net cash flows. Furthermore, greater expense disclosure helps fulfil the stewardship role of accounting and auditing. Prior commentary has… Read More Expense Reporting and IFRS Adoption
By Simon O’Connor Short auditor rotation periods may harm, not support, good quality audits. NZX should amend the rigid listing rule requiring audit partners to rotate off public issuer engagements after only five years.