External Reporting Working Group Update

The External Reporting Working Group (ERWG) had its first check in for 2019 on Tuesday 19 February.   A summary of discussion topics is as follows: Large Proprietary Company Thresholds: Treasury initiated a consultation process in November around “Reducing the financial reporting burden by increasing the thresholds for large proprietary companies” (see https://www.treasury.gov.au/consultation/c2018-t342318/).   The … Continued

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Future of Finance profession Working Group Scope

Proposed scope of G100 Working Group ‘Future of the finance profession’   Update report to G100 National Executive meeting following discussions held in January with Andrew Porter, Stephen Woodhill and Pam Bains   Background Finance functions and the role of the CFO have been evolving and with the widespread implementation of automated processes, data driven … Continued

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Tax Reform Working Group Update

Marc Lewis, Head of the Tax Reform Working Group (TRWG)   Purpose To provide a summary of the recent activities undertaken by the TRWG and other relevant emerging issues.   Revenue Authority Engagement Finalised Central Management and Control Publications As previously advised, the Australian Taxation Office (ATO) had released the following draft publications for consultation: … Continued

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World Congress of Accountants

The World Congress of Accountants (WCOA) was held in Sydney, Australia this year. An event of networking, debate and insight on business and personal development with contemporary thought leaders from around the world.

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