It’s time to reflect on important changes made by our regulators, courts, and parliaments. Knowing about them helps to maintain professional competency and address NOCLAR issues when they arise. Understanding changes helps us to identify business and audit risks and what we need to do to address them.
Finance-team members need to be up-to-date with the latest developments for the sake of their own businesses. Auditors need to be on the ball, because changes affect audit risks, their obligations under NOCLAR ethical rules, and ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report.
The session looks at:
- What the regulators (ASIC, AUSTRAC, ACNC, FWO) are up to and their enforcement activities
- Regulators’ focus on greenwashing
- International regulatory developments and climate change litigation
- Review of the Modern Slavery Act
- What did the Jobs and Skills summit decide?
- Legal professional privilege – What’s it all about?
- ASIC action on the new design and distribution laws for financial products
- New legislation and policy proposals
- Important developments in the business world, and
- Governance, and cases of importance.
