The End is Nigh  – No more special purpose financial statements (SPFS) for many entities

CaseWareAccounting Standards, Carmen Ridley, Financial Reporting, Industry News, Legislation & Regulation, opinion

Carmen Ridley

Our content expert, Carmen Ridley provides a timely review of the future demise of the SPFS reporting format, in a bid by the AASB to ” find a solution to improve the consistency, comparability, usefulness and credibility of financial reporting in Australia”. SPFSs Likely to be Dropped from Reporting Formats? The recent release of the IASB Revised Conceptual Framework (RCF)  contains … Read More

Annual SMSF Audit is the only option!

CaseWareCaseWare News, Industry News, opinion, SMSF Auditing

SMSF Sharlene Anderson

Sharlene Anderson Director, Veritas Corp Registered SMSF Auditor In brief: The Cooper Review of 2009 stated “Given the growing size of the SMSF sector and the importance of the audit role, the Panel believes that the current frequency of annual audits is appropriate and should not be reduced” The potential for professional fraudsters to take advantage of this proposal is … Read More