In a complex operating environment, the Australian Prudential Regulation Authority (APRA) is encouraging regulated entities to prioritise quality data as a valuable asset. APRA's growing emphasis on data risk management, evident in regulatory guidance such as CPG 235, CPS 234, and CPS 230, underscores the vital role of quality data for entities under its regulation. Despite progress revealed in APRA's 100 Critical Risk Data Elements Pilot study, a significant gap persists between current and optimal data risk management practices, with potential consequences including reputational damage and financial loss.
Innovation is a key driver of productivity for businesses. To help them achieve their objectives, the government offers various programs such as the R&D Tax Incentive and government grants.
The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 were introduced in the Parliament of Australia yesterday, 30 November 2023.
Navigating the Australian business landscape involves more than just identifying market opportunities; it also entails a thorough understanding of our country's tax and other regulatory obligations.
The long-anticipated tax legislation impacting off-market share buy-backs and selective share reductions passed the Senate on 16 November 2023 and is awaiting Royal Assent.
The release of global sustainability reporting standards, elevated activity from regulators, and the ever-increasing pressure from stakeholders on the ESG agenda have all contributed to a general raising of expectations on the progress of Sustainability Reporting.
Accounts payable and payroll fraud conducted by employees is an issue that can have a negative impact on businesses. Detecting and investigating these types of fraud requires a systematic approach to identify irregularities, gather evidence, and take appropriate action against the perpetrators.
The digital revolution, with its promises of efficiency and connectivity, has inadvertently given rise to cyber fraud – an invisible threat that can infiltrate the core of an organisation.
The results of the 2023 Family Business survey showed succession planning is still a topic of high importance to family businesses. The results revealed 72 per cent of family businesses believe succession planning would be an important topic for their business over the next two years.
In this episode of Navigating the New Normal, Employment Solutions Partner George Bendall and Director Shivani Krishnamoorthy discuss the connection between ESG and global mobility programs.
Workplace fraud is a serious and costly issue that can impact organisations across different sectors and regions – and is becoming increasingly relevant as cost-of-living pressures rise.
To minimise the impact of fraud in Australia and globally, we are promoting anti-fraud awareness and education with a series of articles during International Fraud Awareness Week. This article is the first in our series and takes a closer look at the most commonly experienced types of fraud, the warning signs, and fraud detection.