RSM Australia

Assurance updates

4 steps banks should take to strengthen compliance management systems

13 January 2017
Focus on compliance culture and approach, not just transactions Regulators are taking a different approach to examinations at banks and credit unions. Where, until recently, they focused almost exclusively on files and transaction testing, they are now also taking a harder look at each institution’s overall compliance approach.

Responding to risk: Strategies to manage threats and opportunities

10 January 2017
In a competitive business environment, all organisations must implement Enterprise risk management processes to manage risk effectively in order to achieve business and strategic objectives. Your organisation encounters business risks on a daily basis; assuming risk in the pursuit of profit is the essence of a business.

ASIC media release on new accounting standards

20 December 2016
ASIC published a media release on 16 December 2016 highlighting the need for action on three major new accounting standards.  The three standards are: AASB 9 Financial Instruments (applies from years commencing 1 January 2018)

AGM wash-up: A perfect time to review shareholder unrest

22 November 2016
A spike in first strikes experienced by a handful of high profile listed companies this AGM season should remind directors that poor management of stakeholder’s expectations in the lead-up to the annual general meeting can seriously backfire, cautions Ralph Martin, National Technical Director at RSM Australia.

Expertise in climate change, sustainability and environmental risk management

10 November 2016
Climate change and the environment are topics continually making headlines on a regular basis. The headlines often highlight risks faced by organisations and Directors around tighter carbon regulations or heightened reporting of climate change, and opportunities, and developments in sustainability reporting or workplace health and safety regulations.

APRA releases enhanced governance requirements for superannuation trustees

8 November 2016
On the 3rd of November, the Australian Prudential Regulation Authority (APRA) released updated governance requirements for APRA-regulated superannuation trustees (RSE licensees) with a final revised prudential standard and prudential practice guide on governance. 

8 ways to reinvent internal audit

26 October 2016
Reposition the focus from the “how to” to the “outcome”. Innovate ways to partner with stakeholders to reach the desired outcome. Embed the need for business acumen in order to provide practical advice and insight which creates value.

Recent AML/CTF Updates: A KYC Game Changer

24 October 2016
Fundamental changes to how reporting entities collect ‘Know Your Customer’ (KYC) information

An RSM approach to project quality assurance

13 September 2016
Managing a project in accordance with relevant methodologies and standards, ensures that:

Cyber security – 4 key areas of focus

9 September 2016
New Regulations for the Securities Market

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