Regulatory technical advice and compliance

Improving effectiveness and efficiency through regulatory technical advice

Our team of professionals work with clients to improve the effectiveness and efficiency of their compliance frameworks to meet the requirements of key regulatory bodies.

Regulatory technical advice to improve effectivenessWe are up to date with all regulatory body developments and are ready to provide you with regulatory technical advice that is correct, practical and commercially astute.

By working with clients in an atmosphere of trust and openness, business and regulatory issues can be addressed in a robust commercial way. This approach is evidence that working with the appropriate advisers can enhance the ability of the organisation to deliver value to its stakeholders.

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

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

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).
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.
Risk Management

Risk Management in Local Government

Why local governments in WA must act to mitigate risk and implement effective risk management Following the appointment of the Auditor General as their official auditor several years ago, local governments in Western Australia have faced greater scrutiny surrounding financial management.

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

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 enti
Accounting for changes to AASB 16 Leases

Accounting for changes to AASB 16 Leases

Accounting for COVID-19 related rent concessions and other modifications to lease contracts, from the lessee’s perspective.
Common issues in accounting for Share-based Payments

Common issues in accounting for Share-based Payments

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.

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

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 fro
Reporting Obligations

Reporting Obligations for Australian Proprietary Companies

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).

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