ASIC late lodgement penalty updates: What it means for you
Key points ASIC has updated its enforcement priorities for 2026 – and there is an increase in ASIC action There is a focus on financial misconduct, including significant penalties for any infringement notice Non-lodgement is a strict liability offence ASIC recently announced its recent enforcement priorities – one of which is financial reporting misconduct including […]
Accounting for customer rights (returns and warranties)
Key points Customer rights to return products and extended warranties are accounted for under AASB 15 Careful consideration of these are required as they impact the recognition of revenue, assets and liabilities Applying AASB 15 often involves significant judgement, and entities should seek expert advice for complex or unique circumstances. Many inventory-based businesses offer customers a […]
Consolidated Entity Disclosure Statement – September 2025
Revamping the P&L under AASB 18: Impact for asset investors
Key points AASB 18 introduces new presentation and disclosure requirements for for-profit entities from 1 January 2027. Entities investing in assets must classify certain income and expenses in the operating category. Classification of income and expenses depends on the entity’s main business activity AASB 18 Presentation and Disclosure in Financial Statements first applies to for-profit […]
Joshua Archer
Joshua is a skilled member of the Business Advisory and Assurance team, focusing on Audit. He joined Pitcher Partners in 2024 as a Client Director, bringing with him extensive experience gained across Australia and the UK. Throughout his career, Josh has worked with a range diverse of clientele, spanning both private and public sectors, with […]
Adele Smith
Adele Smith is an Audit and Assurance professional with extensive experience delivering high-quality external audit and assurance services across a wide range of industries. She has advised ASX-listed entities, public companies, large and small proprietary businesses, and not-for-profit organisations. Adele combines strong technical expertise with broad industry knowledge and a collaborative, proactive approach to understanding […]
NSW Community Services Industry Long Service Leave Scheme
On 1 July 2025, the NSW Government introduced a new Community Services Industry portable long service leave scheme, known as the Community Services Industry (CSI) Scheme (the Scheme). The Scheme is similar to those introduced by other states such as QLD and VIC. Background and Rationale Traditionally, long service leave (LSL) in Australia has been […]
Sean Troyahn
Sean began his journey with Pitcher Partners as a Graduate Accountant in the Audit division in 2014. Over the course of more than a decade, he has ascended through the ranks, developing technical expertise, honing his leadership skills and building strong client relationships. Sean is proud to work in audit at Pitcher Partners because the […]