Thursday 8 December 2022


2:30 pm


1.5 CPD Hours

Session Topic

The legalities of contemporary business risks affecting directors, accountants, and auditors

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.
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This session is presented by:

Stephen Newman

Executive Counsel

Stephen is a corporate and commercial lawyer who also has considerable litigation experience in all major Courts and Tribunals. Stephen is a team member of ReportFraud. Stephen advises a range of clients and in particular, Accountants and Auditors on issues that relate to corporate and trust entities, businesses and private clients operating in many different industries, both domestic and international. Stephen also has considerable experience in dealing with regulators and conducting the defence of investigative and enforcement action.