Financial reporting & advice

Providing financial reporting and advice to all companies, large and smallFinancial reporting and advice to all companies

In order to operate efficiently in the constantly changing regime, entities need to have a sound grasp of the international and domestic accounting standards and an understanding of the upcoming financial reporting developments. We assist you in staying at the forefront of these developments and how they impact your organisation, industry and environment. We do this through the delivery of technical workshops, publications and our team of highly trained professionals.

RSM's technical team is actively involved in providing advice to listed companies, public companies, private companies both large and small, trusts, joint ventures and public sector entities.

We are ready to provide advice to you regarding any financial reporting or technical matter dealing with:

  • accounting Standard application and interpretation
  • Corporations Act application
  • ASIC reporting
  • APRA reporting
  • preparation of financial statements
  • adequacy of disclosure

Key contact

Ged Stenhouse
Joint National Head of Audit & Assurance

T: +61 2 6217 0300
[email protected]

Tutu Phong
Joint National Head of Audit & Assurance

T: +61 8 9261 9355
[email protected]

Rising inflation: How does it impact financial statements?

Rising inflation: How does it impact financial statements?

Inflation in Australia hit 6.1% in the quarter ended 30 June 2022, which is the highest level recorded since 1990. 
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Solicitor Trust Accounts Compliance Audit

If you are a practicing solicitor, you more than likely will hold a trust account. Trust accounts are maintained to handle trust money on behalf of your clients.
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The end of "Grandfathered" exemptions from ASIC financial reporting

The end of "Grandfathered" exemptions from ASIC financial reporting

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. 
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ASIC Extends Deadlines for Financial Reporting

ASIC Extends Deadlines for Financial Reporting

ASIC has announced an extension of one month to the deadline for unlisted entities to lodge their financial reports. 
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ASIC clarifies financial reporting requirements for AFS licensees

ASIC clarifies financial reporting requirements for AFS licensees

Changes to financial reporting requirements for AFS Licensees were announced by ASIC in June, following changes to Accounting Standards. 
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General Purpose or Special Purpose Financial Statements - what you need to know

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

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'). 
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Webinar: Financial Reporting Update

Webinar: Financial Reporting Update 2022

RSM Australia brings you our annual Financial Reporting Update webinar, presented by National Technical Director Ralph Martin.
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RSM Australia has announced the appointment of experienced auditor Louis Quintal as a new Partner in the firm’s assurance and advisory division.

RSM appointments new Audit Partner

RSM Australia has announced the appointment of experienced auditor Louis Quintal as a new Partner in the firm’s assurance and advisory division.
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Why business owners need to get on top of leave balances after lockdowns

With nowhere to go and nothing to do but work, accumulated leave balances have increased dramatically. With borders now open, it’s a great time to encourage staff to take some much-needed time out and use up some of their leave.
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Strong alliances the key for allied health today

Strong alliances the key for allied health today

On face value, you may assume that the health industry is one of the few to financially benefit from the current global pandemic. Whilst this is true in some cases, the realities are a significant portion of income comes from planned procedures in this industry.
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WA Local Government Act reforms: 6 key changes to financial management and reporting

WA Local Government Act reforms: 6 key changes to financial management and reporting

In early November, the Western Australian Government announced a series of proposed changes to the Local Government Act, resulting in a number of key changes to financial management and reporting. 
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Should NFP boards move away from the Carver Model?

Should NFP boards move away from the Carver Model?

Operating at the helm during a time that will undoubtedly make our history books, boards and their board of directors have faced significant challenges in the wake of a global pandemic.
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RSM strengthens audit practice with appointment of new Partner

RSM strengthens audit practice with appointment of new Partner

RSM has announced the appointment of experienced advisor Amit Kabra as a new Partner in RSM's audit and assurance services division based in Perth.
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WA government agencies: Climate-related risk disclosures in financial reporting

WA government agencies: Climate-related risk disclosures in financial reporting

The old adage “sunlight is the best disinfectant” is very apt when it comes to the growing need for more complete and consistent disclosure of climate-related risks in the financial reports of Western Australian (WA) Government agencies, and government trading enterprises (GTEs). 
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New requirement to disclose Jobkeeper payments received by listed companies

New requirement to disclose Jobkeeper payments received by listed companies

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.
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