GAAP Consulting
Completed
Date

Thursday 4 May 2023

Time

2:30 pm

Duration

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 delivered by our regulators, courts, and parliaments.  Many affect accountants, auditors, and their clients. Knowing about the changes helps us to understand better business and audit risks and what we need to do to address them.

Several of these developments will affect 30-June risks and reporting. The session looks at:

  • What the regulators (ASIC, ACCC, AUSTRAC, ACNC, APRA, FWO) are up to and their enforcement activities
  • Greenwashing, AFSLs non-compliance, and continuous-disclosure breaches
  • Using AI chatbots for client work – a business risk
  • Business-risks disclosures in the annual report – ASIC’s hot spot
  • Court action against directors and executives of the Star Entertainment Group
  • Former Leighton Holdings executives served with 1400 documents
  • Super executives charged with dishonesty offences, and
  • Privacy Legislation Amendment (Enforcement and Other Measures) Act 2022 – breach penalties they are big.
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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

 

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.