Our People


Ralph is a Partner and the National Technical Director of RSM in Australia.

He has over 18 years’ experience in accounting and auditing and is an expert on financial reporting and auditing standards. His previous experience includes both in client-facing audit roles, and work as an accounting technical specialist. Ralph has worked in the UK, Sydney, Perth and New Zealand.

Ralph Martin is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.


Ralph provides accounting technical advisory services to a diverse range of clients and industries in both the public and private sector, with a particular focus on mining and mining services, property and construction, and the SME sector.  Ralph specialises in simplifying complex issues to provide solutions that are both technically compliant and commercially appropriate.

Ralph frequently presents to internal and external clients on a range of issues including auditing standards, accounting standards and interpretations, professional and ethical standards and regulatory requirements. He also has responsibility for the practical application of RSM’s quality assurance, risk management and independence policies.

SignIFIcant projects

  • Managed the audits of several multinational groups in the mining and consumer services industries
  • Leader of the Technical advisory team, providing consultations and solutions to both the public and private sectors
  • Head of IFRS for RSM Australia, and member of RSM International IFRS Advisory Committee
  • Frequent presenter on accounting and financial reporting topics
  • Member of the RSM Global Audit Methodology steering group


  • Fellow of the Institute of Chartered Accountants in England and Wales
  • Technical Research Group Member, Chartered Accountants Australia and New Zealand
  • Member, Chartered Accountants Australia and New Zealand


  • Bachelor of Arts, University of London

Rising inflation: How does it impact financial statements?

6 September 2022
Inflation in Australia hit 6.1% in the quarter ended 30 June 2022, which is the highest level recorded since 1990. 

The end of "Grandfathered" exemptions from ASIC financial reporting

5 August 2022
Changes to the Corporations Act recently passed by Parliament mean that “Grandfathered” entities will no longer be exempt from lodging financial statements with ASIC under the Corporations Act 2001.  A legislative exemption which allowed some of Australia’s largest family-owned companies to avoid public scrutiny of their financial inf...

ASIC Extends Deadlines for Financial Reporting

26 July 2022
ASIC has announced an extension of one month to the deadline for unlisted entities to lodge their financial reports.  The extension is available to entities with year-ends between 24 June 2022 and 7 July 2022.  The extension applies to entities that are not listed, but which report under Chapter 2M of the Corporations Act 2001. ...

ASIC clarifies financial reporting requirements for AFS licensees

22 June 2022
Changes to financial reporting requirements for AFS Licensees were announced by ASIC in June, following changes to Accounting Standards.  Many AFS Licensees will be required to prepare General Purpose Financial Statements ('GPFS') for the first time and are no longer able to prepare Special Purpose Financial Statements ('SPFS').  In...

Family Law Insider | May 2022

30 May 2022
This quarter’s edition of the Family Law Insider aims to provide some important considerations as we fast approach the end of financial year.

General Purpose or Special Purpose Financial Statements - what you need to know

23 May 2022
Recent changes to Australian Accounting Standards will mean that some for-profit entities will have to prepare General Purpose Financial Statements ('GPFS') for the first time, and are no longer able to prepare Special Purpose Financial Statements ('SPFS').  In this article we explain who is affected and what the impact will be on family la...

Webinar: Financial Reporting Update 2022

19 May 2022
RSM Australia brings you our annual Financial Reporting Update webinar, presented by National Technical Director Ralph Martin.

The End of Bed Licenses – A game changer for the Aged Care sector?

18 October 2021
From 1 July 2024, the Australian government will abolish bed licenses and the Aged Care Approvals Round (ACAR) process in response to the recommendations of the Final Report of the Royal Commission into Aged Care Quality and Safety (Royal Commission). The reform of the residential aged care sector aims to improve the choice and quality in reside...

New requirement to disclose Jobkeeper payments received by listed companies

29 September 2021
Listed companies will have to disclose publicly the amount of JobKeeper payments received, how many employees the payments related to, and how much (if any) they returned to the government for each financial year. Under the Treasury Laws Amendment (2021 Measures No.2) Act 2021, listed entities are required to disclose the relevant information in...

Crypto assets continue on their fast-paced evolution

20 September 2021
During the last couple of years, crypto assets have evolved and new players continue to appear in this space, while others - like the Libra from Facebook - appear to have vanished before their debut. The volatility of value has been a constant feature of cryptocurrencies, which entices many people, but may concern more conservative investor...

Are you ready to finalise your 30 June 2021 financial reports?

6 July 2021
With days to go before auditors launch into the final stages of auditing your financial statements, we provide you in this article some key things to consider as you think about closing down your ledgers and preparing your financial report, assembling supporting documentation, including how ASIC's focus areas for 30 June 2021 financial reports un...

Accounting for ‘Software as a Service’ cloud computing arrangements

6 July 2021
Cloud computing solutions, often packaged as “Software as a Service – SaaS” arrangements, are commonly used due to their flexibility and scalability features. In a cloud computing arrangement, software is usually accessed through the internet, rather than on local servers.   Such arrangements generally do not require customers to...

Webinar: Financial Reporting Update

28 June 2021
The road to recovery - what are the financial reporting issues? RSM's Financial Reporting Update presented by Ralph Martin ensures you have the information you need to navigate the current challenges in financial reporting, and that you are briefed on future developments which may affect your entity.  Topics that were cove...

Webinar: Financial Reporting Update for NFPs

28 June 2021
The road to recovery - what are the financial reporting issues? RSM's Financial Reporting Update presented by Ralph Martin ensures you have the information you need to navigate the current challenges in financial reporting, and that you are briefed on future developments which may affect your entity. 

5 tips to manage cashflow in a property or construction business

15 June 2021
The property market is booming, and both the property and construction sectors have had a terrific run over the past several decades. Many builders and property aficionados seeking to capitalise on the demand for new developments have done very well for themselves and played a key role in delivering housing and amenities for a growing population. ...

ASIC extends reporting deadlines for 30 June lodgements

3 May 2021
ASIC has made several recent media announcements aimed to simplify the financial reporting process for 30 June 2021 year-ends.  Extension of 30 June 2021 reporting deadlines ASIC has further extended the relief under which it is offering entities an additional month to lodge their financial reports for entities with balance sheet dates b...

Removal of Special Purpose Financial Statements - What you need to know

10 February 2021
Recent changes to Australian Accounting Standards will mean that many for-profit entities have to prepare General Purpose Financial Statements (“GPFS”) for the first time, and are no longer able to prepare Special Purpose Financial Statements (“SPFS”).  In this article, we explain who is affected, and what the impact will be on those e...

ASIC further extends financial reporting deadlines

25 November 2020
ASIC has extended the relief under which it is offering entities an additional month to lodge their financial reports.  Having previously allowed a one-month extension for 30 June year-ends, ASIC has now provided the same relief for all balance dates up to and including 7 January 2021. This relief is available to all entities which lodge fi...

COVID-19 Financial Reporting: Accounting for government assistance

7 August 2020
As the COVID-19 pandemic continues to have a serious impact on the economic environment, governments continue to provide different forms of assistance to affected entities. While AASB staff have issued a comprehensive FAQ document on accounting for government assistance generally, this article sets out the accounting treatment of two of the most...

Accounting for changes in tax rates

30 July 2020
Corporate Tax rates for smaller Australian companies are set to fall over the next few years. How should the changes in tax rates be reflected in financial statements? The Commonwealth Government continues to reduce the rate of corporate tax in Australia for smaller entities, being those with an aggregated turnover of less than $50m. ...

Accounting for changes to AASB 16 Leases

2 July 2020
Accounting for COVID-19 related rent concessions and other modifications to lease contracts, from the lessee’s perspective. Implementing AASB 16 Leases was a substantial task for many preparers, and COVID-19 has brought a new and unexpected source of difficulty and complexity. The challenges posed by COVID-19 have resulted in a significan...

Demystifying foreign currency issues

3 June 2020
Dealing with foreign currency matters in financial statements often causes difficulty among preparers of financial reports. In this article, we address some common issues on the treatment of foreign currency matters. Foreign Currency Transactions Where an entity has the same functional currency – the currency in which it conducts its operat...

Webinar: Financial Reporting Update 2020 | May 2020

22 May 2020
Ralph Martin, National Technical Director at RSM Australia, along with Ana Espinal-Rae, National Technical Manager, hosted three webinars to deliver his annual Financial Reporting Update. What was covered: What are the potential accounting impacts of COVID-19, and the government’s stimulus packages?  How will you ...

ASIC extends financial reporting deadlines

14 May 2020
ASIC has amended the Corporations Act 2001 to provide an additional month for companies to lodge their financial statements.  This affects all entities with 30 June year-ends which lodge financial statements under the Corporations Act. The deadline for listed companies is extended until 31 October 2020 (but see below in respect of Append...

ASIC grants one month extension for unlisted entity financial reports

9 April 2020
Unlisted companies with a 31 December or 31 March year-end have been granted an extension of one month to their financial reporting deadlines by the Australian Securities and Investments Commission (“ASIC”).  Proprietary Companies and other non-disclosing entities with a year-end of 31 December 2019 will have their lodgement deadline...

Common issues in accounting for Share-based Payments

30 March 2020
Providing share-based remuneration to senior employees and directors is a common way to incentivise, or simply “lock-in” key people.  It can also be an effective way for early-stage businesses to minimise cash outflow by using share-based payment to pay other key suppliers. However, AASB 2 Share-based Payments is a challenging standard ...

ASIC confirms two-month extension for AGMs and supports use of technology

23 March 2020
Public companies with a December 2019 year-end would usually have until 31 May 2019 to hold their Annual General Meeting (AGM).  The restrictions on travel and on large gatherings in place as a result of COVID-19 may make it difficult to meet this requirement, and therefore ASIC have confirmed that they will provide relief from this requiremen...

Financial Reporting Alert: the end of Special Purpose Financial Statements for for-profit private sector entities

23 March 2020
The AASB has approved proposals to prevent certain types of for-profit private sector entities from preparing Special Purpose Financial Statements, for periods beginning on or after 1 July 2021. For-profit private sector entities will no longer be able to self-assess whether they are “reporting entities”: if they are required to prepare fina...

AASB 1058 - What is a Sufficiently Specific Performance Obligation?

19 March 2020
AASB 1058 Income of Not-for-Profits became applicable for not-for-profit entities on 1 January 2019. Our previous article provided insights into the application of the new standard. In this article, we consider common challenges – and how to address them – when identifying the appropriate standard to apply to recognise income from gr...

Financial Reporting Requirements for Natural Disasters

18 February 2020
Australia has experienced unprecedented challenges over the recent summer.  The recent bushfires were the largest on record, and have devastated vast areas across several States.  This was followed by extreme rainfall events, which included hail damage and heavy flooding in some areas. While the impact will be heaviest on those who hav...

Reporting Obligations for Australian Proprietary Companies

6 February 2020
This guide is designed to assist proprietary companies in determining their financial reporting obligations. It explains whether your proprietary limited company needs to prepare, have audited, and lodge financial statements with the Australian Securities and Investments Commission (ASIC). The Corporations Act Requirements The default require...

Deferral of new revenue standards to NFP research grants

3 December 2019
Not-for-profit entities with 31 December 2019 year ends can elect to not apply AASB 15 or AASB 1058 in the recognition of revenue from research grants.  What has happened?  The AASB has decided to defer the application of AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities to research ...

Top 5 issues in the implementation of AASB 16 Leases

13 November 2019
AASB 16 Leases has now been effective for over 10 months, and RSM Australia’s Technical Accounting team is receiving an increasing number of questions about its implementation.  We discussed the transitional options available in our earlier article, so in this article, we will consider some common implementation concerns. I...

Clarifying the transition of AASB 16 Leases

7 November 2019
AASB 16 Leases is now effective, since it applies for periods beginning on or after 1 January 2019.  Our previous article explained how lease accounting changes under the new standard.  However, one of the most difficult aspects of AASB 16 is initial adoption, because of the many different transition options and practical expedients av...

Accounting for the R&D Tax Incentive

15 August 2019
The R&D Tax Incentive has been in place since 2011.  However, uncertainty remains over the appropriate accounting treatment for it in financial statements.  Ralph Martin, RSM’s National Technical Director, considers the matter: The Research and Development Tax Incentive (“R&DTI”) is a scheme whereby companies can receive ...

Assessing Impairment of Assets in practice

25 January 2019
Impairment and asset valuation has long been one of the most challenging areas of financial statement preparation.  However, it is a key area of focus for both investors and regulators, so directors need to be familiar with the estimates and judgments required.  This article sets out the key requirements and highlights some common probl...

Recognition of peppercorn leases deferred

29 November 2018
The Australian Accounting Standards Board (AASB) has postponed the requirement for not-for-profit entities to bring peppercorn leases into their financial reports at fair value, having been made aware of the difficulty and cost constraints of determining the fair value of properties subject to such leases. Under the current drafts of AASB 1058 I...

Reduced financial reporting requirements for SME businesses

16 November 2018
These changes were passed into law in May 2019 and will come into effect from 1 July 2019 onwards. Proposed changes to the Corporations Act 2001 will mean that many small and medium businesses will no longer have to lodge annual financial reports. Under current legislation, a company must prepare and lodge an audited financial report with the...

Scrutiny of new accounting standards – inaction not tolerated

14 June 2018
ASIC’s heightened scrutiny of ‘big three’ accounting standards highlight inaction won’t be tolerated.  On the back of ASIC’s recent media release calling on immediate action for companies to explain and quantify the impact of changes to accounting standards for revenue, leases, and financial instruments, RSM’s National Tech...

Changes to revenue recognition - don't be caught out

14 May 2018
The nature of revenue is changing. Underestimating the impact of the new revenue recognition standard may result in unforeseen issues surfacing at year-end.  It is vital to assess the impact now, as waiting until you first prepare financial statements under the new standard will not leave enough time to address all the issues.  AASB 15...

Are you up to date with the latest AASB standards?

11 May 2018
New standards for classification and measurement of financial assets and liabilities have been in force since 1st January 2018.   Are you aware of how it will impact your business? ...

Guide to Convertible Debt

10 January 2018
Convertible debt continues to be a challenging area for financial statement preparers. It involves navigating technically complex accounting standards, and small differences to the wording of a contract can result in a significantly different accounting treatment. This paper aims to explain the principles involved in accounting for conve...

New requirements for Significant Global Entities

18 October 2017
There are new requirements for Significant Global Entities to prepare General Purpose Financial Statements. Recent guidance from the ATO has clarified the effect of changes made last year to Section 3CA of the Tax Administration Act 1953.  The legislation introduced additional reporting requirements for some Australian entities, and for...

ASIC’s new funding model - how will you be affected?

16 August 2017
1 July 2017 saw the introduction of a new Industry Funding Model at the Australian Securities and Investments Commission (ASIC), following the passage into law of the ASIC Supervisory Cost Recovery Levy Act 2017.   The new model enacts a fundamental public policy shift, by seeking to move the cost of ASIC’s regulatory activities away from...

ASIC's Focus Areas for June 2017

18 July 2017
Ahead of this year’s financial reporting season, ASIC has issued its focus areas for preparers of financial statements, and has reminded directors of the need to focus on providing high-quality, relevant financial information to readers.  ASIC’s financial reporting surveillance process involves the review of over 300 sets of financial s...

The effects of the new leasing standard are wider than you might think

21 June 2017
The accounting impact of AASB 16 Leases has received extensive coverage, but, for many businesses, the impact is likely to be felt far outside the accounting function. On Monday June 5th 2017, Retail Food Group, the owners of brands including Gloria Jean’s, Brumby’s and Donut King, suffered a share price fall of over 11% in a singl...

Interpretation 23: Uncertainty over income tax treatments

19 June 2017
The AASB is set to issue Interpretation 23: Uncertainty over Income Tax Treatments.  The new Interpretation is applicable for periods beginning on or after 1 January 2019. Interpretation 23 provides new guidance on the application of AASB 112 Income Taxes in situations where there is uncertainty over the appropriate income tax treatmen...

A new approach to lease accounting - accounting for the lease

21 March 2017
Determining the Lease Liability The accounting for the lease is largely similar to how finance leases are currently treated under AASB 117, with the lease liability being measured at the present value of the lease payments, discounted at the interest rate implicit in the lease.  The following payments are included in the lease: Fixed ...

A new approach to lease accounting - determining what is part of the lease contract

21 March 2017
Contracts may contain both lease components and non-lease components.  AASB 16 gives two options in these circumstances: Account for the lease component(s) separately from non-lease components; or A practical expedient allows the entire contract to be accounted for as a lease. Where a non-lease component is identified, it is outsi...

A new approach to lease accounting - determination of whether contracts contain a lease

21 March 2017
It may sometimes be straightforward to identify a lease, but some arrangements may be more problematic.  A lease is defined as a contract where: There is a specifically identified asset The contract conveys the right to control the use of that asset for a period of time There is a right to substantially all of the economic benefits ...

A new approach to lease accounting

21 March 2017
On 13 January 2016, the IASB published the long-awaited IFRS 16 Leases, which has been adopted as AASB 16 in Australia.  The project to issue a new leases standard began in 2006, primarily in response to user concerns about off-balance-sheet assets and liabilities arising from operating leases, and resulted in multiple exposure drafts and disc...

New income recognition rules in the not-for-profit sector

24 January 2017
In December 2016, the AASB issued AASB 1058: Income for not for profit entities.  The new standard is applicable for periods beginning on or after 1 January 2019, and the AASB has made complementary changes to the existing AASB 1004 Contributions, and has also added new guidance AASB 15 Revenue from Contracts with Customers to clarify its appl...

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) AASB 15 Revenue from Contracts with Customers (applies from years commencing 1 Ja...

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. By better tapping into the mood a...

Applying AASB 15 in practice

20 September 2016
In May 2014, the AASB issued AASB 15: Revenue from Contracts with Customers. The new standard is applicable for periods beginning on or after 1 January 2018, and replaces AASB 111 Construction Contracts and AASB 118 Revenue and related interpretations. The new standard was the result of the standard setters’ objective of harmonizing IFRS and U...

Concern over complacency on new revenue standard

With virtually every industry set to be affected, companies should be doing more to prepare for new rules on how revenue is recognised, according to accounting firm RSM Australia (RSM). The changes are a result of a new accounting standard, AASB 15, issued by the Australian Accounting Standards Board.  The new standard requires companies to...