GAA Accounting

The Journal of the Global Accounting Alliance

28/04/2017
by GAA Accounting
Comments Off on My puppy ate my tax return!

My puppy ate my tax return!

By Aaron Watson

Each year people fail to pay their tax on time. We asked the Australian Tax Office and New Zealand’s Inland Revenue for some of the strangest excuses they have received – and uncovered 14 tales of thieving mailmen, marital breakdown and urban animals with a taste for tax documentation.
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28/04/2017
by GAA Accounting
Comments Off on The audit of the future

The audit of the future

As technology fundamentally changes the nature of the audit, how can auditors use technology to enhance the way they analyse information? Eoin MacManus reports.

Our future is characterised by unparalleled organisational and informational complexity, with corporate and business reporting evolving rapidly. If the audit is to keep pace with these changes, we should ask ourselves the question: “What will the audit of the future look like and will our audit teams have the requisite skills to deliver this proposition?” Continue Reading →

28/04/2017
by GAA Accounting
Comments Off on Taxing questions

Taxing questions

By Tony Malkovic

When is it ethical to levy a tax and what are the ethics of seeking to minimise, let alone trying to avoid, your tax obligations?

There aren’t many people who don’t try to minimise their personal or corporate tax. And there are some who push that ethical line between minimisation and avoidance. More subtle, perhaps, is the issue of trying to determine whether it’s ethical to impose a tax in the first place. It’s a big question. But not a modern one. Continue Reading →

28/04/2017
by GAA Accounting
Comments Off on How to spot fake news

How to spot fake news

By Eleanor O’Neill

Telling the real from the fake is now a major challenge in the digitally-connected information society – and just how can you tell if a news report is false?

Talk of ‘fake news’ is increasingly cropping up in discussions and debates, with everyone from Mark Zuckerburg to Vladimir Putin accused of spreading rumours, gossip and outright ‘alternative facts’ in the media. Continue Reading →

28/04/2017
by GAA Accounting
Comments Off on Friends with benefits

Friends with benefits

By David Malamed

Technology is a two-edged sword when it comes to benefits fraud: it makes it easier to defraud the system, but it also helps to detect fraud.

In February, the Toronto Transit Commission (TTC) said it had dismissed 73 employees in connection with a multimillion-dollar benefits fraud scheme. The announcement was made about a year after the agency fired 12 employees and revealed it was investigating some 600 others in connection with a scam it said could cost the city more than $5 million.
The case was first investigated in early 2015. Four months later, in July, police arrested Adam Smith, the owner of Toronto orthotics shop Healthy Fit, and two of its employees. The three were charged with fraud over $5,000 and laundering the proceeds of crime. Police were also investigating a few Toronto-area doctors in connection with the alleged frauds, according to Det.- Sgt. Robert Stewart. Continue Reading →

28/04/2017
by GAA Accounting
Comments Off on A practical look at AI

A practical look at AI

By Dwayne Bragonier

Today’s AI provides a millennial with a smartphone in Sierra Leone, and a millionaire in Toronto with equal access to all of the world’s information.

Everywhere we look there is evidence that artificial intelligence (AI) is here to stay. In fact, it is arguably one of the most influential technologies driving continued improvement in our standard of living. Continue Reading →