Key points The refundable/non‑refundable distinction is the starting point for determining whether R&D offsets are accounted for as grants (AASB 120) or income taxes (AASB 112). Refundable offsets are usually accounted for as government grants, while non‑refundable offsets are typically treated as income tax. The most common problems are premature recognition, inconsistent policies and thin […]
Key points: Early preparation is critical. It sets the foundation for a smooth first‑year audit. Technical uplift will require considerable time and effort. Applying Australian Accounting Standards (AASs) for the first time may require a reassessment of current accounting practices and can be time consuming. Unexpected commercial impacts can result. Applying AASs can have unforeseen impacts on […]
Key points Understand the requirements. Knowing the regulatory landscape and what an audit actually demands is essential for first-time success. Expect a step-change. Moving into an audited environment brings new levels of discipline, governance and scrutiny that many organisations underestimate. Navigate the challenges with the right support. The right auditor will guide you through […]
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 […]
Key points: Prevention is better (and cheaper) than crisis management Make sure your internal controls are not informal – an audit red flag Build confidence in your numbers beyond compliance Too many businesses only uncover problems during the audit process, such as non-compliance with accounting standards, missing documentation or systems that cannot produce reliable data. […]
Key points Businesses must assess pricing changes within broader operational impacts, not in isolation. Renegotiating supplier contracts is a strategic alternative to absorbing or passing on cost increases. Small price hikes, like CPI-linked beer costs, can erode margins if not managed proactively. Why it pays to consider the bigger picture on pricing increases When the […]
Melissa is a Client Director in our Business Advisory and Assurance team with over 25 years of experience within the profession. With extensive expertise and unwavering commitment to excellence, Melissa has diverse experience in audit and assurance, management accounting, corporate financial reporting and analysis. Delivering audit, accounting, financial reporting and advisory services to Not-for-Profit clients, […]
Marius serves as the Executive Director within the Business Advisory and Assurance team at Pitcher Partners Perth. With over 20 years of experience as a chartered accountant in a professional practice environment, Marius brings extensive expertise across a full spectrum of business advisory services to his clients. His qualifications and experience provide clients with the […]
Pitcher Partners Sydney is bolstering its auditing capacity with two key partner appointments, as the firm looks to cater to clients seeking alternatives to the big four accounting firms. Newly appointed audit partners Maya Sutanto and Nathan Balban add more than five decades of audit and advisory experience to Pitcher Partners’ Sydney firm. Ms Sutanto […]
The Pitcher Partners network has added its third new audit partner in less than a month, as the national accounting and advisory firm seeks to supercharge its capabilities in data analytics. Marius van der Merwe is set to join the Perth office of Pitcher Partners as its Executive Director of Business Advisory and Assurance, bringing […]
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