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Australia
How to detect and prevent employee fraud in the ‘new normal’

By William Buck on 08/10/20 - Mins to read: 2 minutes

This article is authored by Cameron Johnstone, Dominic Molluso and Sean Wengel. Employee fraud is all too common, with 80% of business leaders encountering fraudulent activity by an employee during their career, according to the Association of Certified Fraud Examiners (ACFE). What’s more staggering is that over half of the...
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NFP Financial reporting insights | August 2021

By William Buck on 08/10/20 - Mins to read: 2 minutes

Transitioning to simplified disclosures The Australian Accounting Standards Board has issued AASB 2021-1 Amendments To Australian Accounting Standards – Transition To Tier 2: Simplified Disclosures For Not-For-Profit Entities. It provides entities with optional relief from presenting comparative information in the notes to financial statements where they failed to disclose...
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NFP ACNC activities | August 2021

By William Buck on 08/10/20 - Mins to read: 2 minutes

Governance standard strengthened  The Federal Government has announced amendments to governance standard three to ensure that Australian charities that engage in unlawful behaviour face enforcement action. The move equally applies to charities that use resources to promote illegal behaviour. The new regulations will empower the ACNC commissioner to investigate...
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NFP Governance & Compliance | August 2021

By William Buck on 08/10/20 - Mins to read: 2 minutes

New guide on AGMs  New guidance should help organisations navigate uncertainty about holding AGMs and executing electronic documents during the pandemic. The Governance Institute of Australia, Australian Institute of Company Directors, Australasian Investor Relations Association and the business-law section of the Law Council of Australia have released Guidance: Update...
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NSW JobSaver applications now open – further details on how to apply

By Tim Lyford on 08/10/20 - Mins to read: 2 minutes

20 September | Reconfirm your Eligibility for the JobSaver Scheme fortnightly Service NSW has issued new guidance requiring businesses to reconfirm their eligibility for the JobSaver Scheme on a fortnightly basis. You will receive a fortnightly email from Service NSW requiring you to log...
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