GAAP Consulting
Date

Thursday 9 May 2024

Time

2:30 pm

Duration

1.5 CPD Hours

Session Topic

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

New laws and regulations and enforcement activity by regulators is a constant feature of business life that accountants, auditors and directors need to keep up with. The pace of change, however, has picked up over the last few years and 2024 will be no different. Several of these developments affect 30-June reporting. With many businesses doing business overseas, particularly in Europe, international developments are important too.

In this session, Stephen will take us through the latest legislative changes, policy proposals and regulators’ activities since our 2023 November GAAPinars. Knowing about the changes helps us to understand better business and audit risks and what we need to do to address them. They need to find their way onto corporates’ risk registers or the audit plans.

The session looks at:

  • What the regulators (ASIC, ACCC, AUSTRAC, ACNC, APRA, FWO) are up to and their enforcement activities
  • AFSL enforcement
  • New legislation and policy initiatives
  • Financial reporting
  • Employment law, and
  • Relevant court cases.
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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.