February 1, 2023

Santo Casilli joins Australian Audit

February 1, 2023

We are pleased to announce that from 1 February 2023 Santo Casilli and Avant Edge Consulting formally merged with Australian Audit, bringing extensive experience in Internal Audit, Probity and Risk.

August 2, 2021

Alastair Abbott

Financial Reporting

AFSL must now prepare general purpose financial statements

August 2, 2021

Alastair Abbott

Financial Reporting

AFSL must now prepare general purpose financial statements

You may have heard about the ‘death of special purpose reporting’? This will impact your AFSL annual financial statements …

July 27, 2020

Alastair Abbott

Financial Reporting

Accounting for Government Stimulus

July 27, 2020

Alastair Abbott

Financial Reporting

The government has released some very significant stimulus measures, which begs the question of how to correctly account for them?

July 20, 2020

Alastair Abbott

Financial Reporting

Accounting for JobKeeper

July 20, 2020

Alastair Abbott

Financial Reporting

While everyone has recently been concentrating on JobKeeper eligibility, one of the aspects that hasn’t had as much attention is how to account for JobKeeper in your financial statements.

April 22, 2019

Alastair Abbott

Accounting for upfront fees in schools

April 22, 2019

Alastair Abbott

Have you considered how to account for up front fees in schools under the new AASB 15 and AASB 1058?

April 13, 2019

Alastair Abbott

Financial Reporting

When Less is More: Financial statement Disclosures

April 13, 2019

Alastair Abbott

Financial Reporting

When Less is More: Financial statement Disclosures

Still confused about what disclosures should be included and which should be omitted from your financial reports? Unfortunately many people still take that view that over-disclosure is the best option.

January 11, 2019

Alastair Abbott

NFP Peppercorn Lease accounting (Take 2)

January 11, 2019

Alastair Abbott

NFP Peppercorn Lease accounting (Take 2)

Just in time, on 24 December 2018 the AASB released a new accounting standard to provide a temporary reprieve from the complexity of peppercorn lease accounting!

December 19, 2018

Alastair Abbott

Real Estate, Trust Accounting

It is finally here ... The updated Trust Account Handbook

December 19, 2018

Alastair Abbott

Real Estate, Trust Accounting

It is finally here ... The updated Trust Account Handbook

A new requirement for a consolidated trial balance if multiple trust accounting software is used

Updated guidance on trust account name best practice
Fees to be transferred to agent's general account at least weekly
Monthly bank reconciliation to be 'as at' close of business on the last day of the month