The 7 top challenges in auditing SMSF’s over the next decade

David CarterGeneral

SMSF auditors

With many recent developments in the SMSF area, it’s hard to take a step back and take a hard look at the future of the SMSF audit, and even the SMSF auditing profession as a whole. Certainly, there are some very close “in your face” issues that are at the forefront of SMSF auditors minds: Visits by the ATO, ASIC or … Read More

Why Generational differences matter for Australian compliance preparers

David CarterGeneral

Generational approaches

Change continues to happen at a massive pace in the Australian accounting compliance industry, and in this current time we have interestingly several different generations participating in the preparation of the same sets of compliance work, but using vastly different tools and different skill sets. I was thinking the other day about an accountant that I’m in discussions with, who … Read More

Navigating Change – why minds are stuck on old tracks

David CarterGeneral

Navigating

I was thinking the other day about generational differences in approaches to navigating, and how we all achieve the same (compliance output) but approach it in many different ways. When I was younger (pre internet), I’d watch my dad drive using maps for longer distances, and street maps for local situations. Maps were studied diligently before the journey, with landmarks … Read More

The slow fuse of Australian Accounting and Taxation Compliance disruption

David CarterGeneral

The slow fuse of Australian Accounting and Taxation Compliance disruption.

There must be many out there questioning where all the promised disruption is. Sometimes it seems like a slow burning fuse. Everyone seems remarkably focused on disruption, and new business models, that it’s a bit like peering at the dawn waiting for the impending attack. Anyone who’s actually stared at the dawn light knows that dawn isn’t punctual, and can … Read More

It’s all about the teamwork

David CarterGeneral

It’s all about the teamwork

When I was younger I played Rugby.  A lot of rugby. And in a sports minded Australia, Rugby was good. I eventually had to choose between Accounting and Rugby as I headed into University. Yes, a lot of non-accountants might question that decision. Just heading into first year University I was still playing Rugby. Playing for my Club, playing for … Read More

The Millennials Takeover! Millennials in the workplace

David CarterGeneral

The Millennials Takeover! Millennials in the workplace

For those that missed it, there is an interesting interview with Simon Sinek was released regarding “Millennials in the Workplace”. For those of you that missed this video, click here for the link. What’s interesting is that there are almost 7.4 million views of the link above, with 62,000 giving a thumbs up and 3,000 giving a thumbs down, and … Read More

Millennials start to make their mark

David CarterGeneral

We thought we’d start off with a joke from the Edinburgh fringe festival this week, which appropriately is about change. “I’m not a fan of the new pound coin, but then again, I hate all change”. Certainly Australian accountants must be getting used to seeing change as a constant in the social media, newsletters, emails and various other media assaulting their … Read More

5 Threats to Australian compliance work today

David CarterGeneral

In this blog we put down our thoughts on the 5 big threats to the future of Australian compliance. Software houses and Artificial Intelligence Starting the countdown from the most important threat (I guess that means we have the drumroll first), is Software houses and Artificial Intelligence. We put these at the top of our list, and research shows that … Read More