Our latest insights

The Australian Cyber Security Centre (ACSC) released an update to the E8MM in November 2023 with several changes to the framework of controls previously recommended. These changes will require organisations who benchmark themselves against the E8 to reassess their existing cybersecurity strategies and control practices to determine if they remain in alignment with the new requirements.

Payroll issue rectification is the process of fixing the root causes of the underpayments and implementing changes to prevent future errors or non-compliance.

Recent action from the Payment Times Reporting Regulator – the first such action since the PTR Act commenced three years ago – has highlighted the importance for organisations to ensure that they are compliant with reporting obligations.

Local councils play a pivotal role in the governance and development of communities and are responsible for a myriad of services and decisions that directly impact the daily lives of residents.

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.

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.

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.

When Australia is the fifth most hacked country in the world, how do cyber security experts advise people and businesses to protect themselves?

In this episode of Navigating the New Normal, Katherine Shamai, Partner in the Risk Consulting team unpacks what modern slavery is and what businesses are required to report in Australia.

Today, APRA shared a letter outlining their expectations regarding credit risk provisioning for ADIs. Its focus includes robust model risk management, ongoing sensitivity analysis to navigate economic fluctuations, and the development of systematic procedures for identifying and addressing sector-specific risks – particularly in the context of AASB 9 Financial Instruments.