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Internal and External Auditing: Why Are Both Important?
Let’s dive into internal and external auditing. If you’re running a business or are part of a business leadership team, you’ve likely encountered internal and
SMSF Death Benefits: Key Insights for Secure Planning
Managing a Self-Managed Super Fund involves investment strategies and planning for SMSF death benefits. Handling benefits is crucial to ensure they are allocated to the
SMSF Collectables and Personal Use Assets
What are Collectables and Personal Use Assets? Collectables and personal use assets are investments typically enjoyed for personal pleasure or everyday use. However, when acquired
Technological Transformation – Update on AI and Data Analytics
Are Audit Firms Ready for the AI Revolution? The advent of artificial intelligence (AI) and data analytics is revolutionising various industries, and external auditing is
The Evolution of ASIC’s Audit Oversight: Navigating Towards Enhanced Compliance with Independence and Ethical Standards
The Australian Securities and Investments Commission (ASIC) holds a crucial role in ensuring the integrity and transparency of Australia’s financial markets. Recent reforms in ASIC’s
Navigating the Tightrope of Auditor Independence: A Closer Look
In the labyrinth of financial reporting and corporate governance, auditor independence stands as a beacon of trust and integrity. However, recent controversies around independence have
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