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In a welcome move towards bolstering sustainability reporting, the Australian Accounting Standards Board (AASB) has unveiled an Exposure Draft (ED) known as ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information. The primary objective? To introduce novel climate-related financial disclosure requirements. The AASB extends an…

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Machine learning can streamline processes and provide data-driven insights. by: Caseware staff Machine learning (ML) uses algorithms to imitate the way humans process information. Namely, they do this by gradually improving their accuracy by processing more and more data and assessing the outcomes of their analyses.  Machine learning software can…

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Improve audit quality with the ultimate internal auditing checklist. by: Caseware staff Organisations of all sizes are susceptible to fraud and financial mismanagement, with an estimated five percent of total revenue lost yearly due to fraudulent activities. But how do you know whether your organisation follows best practices in order…

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by: Carmen Ridley In the current economic climate, assessing the financial stability and going concern status of businesses has become a critical focus. The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) have reissued their joint publication titled “Going Concern and Related Assessments” to…

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