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
News articles

Concern over complacency on new revenue standard

23 September 2016
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...

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 have ...

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...

AASB 16 Lease Accounting Workshop | Melbourne and Sydney

Melbourne - Tuesday, 19 November 2019, 11:45am - 2:15pm | Sydney - Thursday, 21st November 2019, 6:30pm - 8:00pm
AASB 16 Lease Accounting Workshop  Do you understand the choices that you will need to make when you adopt the new standard? Have you undertaken an analysis of the actual financial impact that the change in the treatment of leases will have on your organisation?  RSM is running a brief workshop in Melbourne on the 19...