Our latest insights

Over time, governments have shifted away from the direct provision of certain community services, instead commissioning them through a competitive market largely serviced by not-for-profit (NFP) organisations.

There continues to be a spotlight on trust and integrity within the professional services industry. From our perspective, these have always been critical considerations.

Australian Securities and Investments Commission (ASIC) and the Auditing and Assurance Standards Board (AUASB) have both recently published FAQs providing guidance on the use of the different auditors for financial reporting audit and sustainability reporting assurance.

The purpose of this Alert is to draw attention to the Prime Minister’s announcement of Australia’s new 2035 greenhouse gas emissions reduction target and path to net zero by 2050. The new target was announced on 18 September 2025. The new target follows the independent advice of the Climate Change Authority and is supported by the release of a comprehensive Net Zero Plan, along with 6 sectoral decarbonisation plans.

The purpose of this Alert is to draw attention to the National Climate Risk Assessment report (or NCRA), delivered by the Australian Climate Service on 15 September 2025.

Accounting standards issued but not yet effective for 30 June 2025.

This TA Alert incorporates all the relevant pronouncements and developments as at 17 July 2025.

APRA’s latest reforms are designed to make its banking framework more proportionate, supporting a more competitive banking environment and fostering innovation. For smaller and medium-sized banks, this could mean reduced compliance pressures and more scope to focus on customers and growth.

Discover how Australian manufacturers are responding to slower growth, rising costs and tighter margins in our 2025 Manufacturing Benchmarks report, with insights on performance, reinvestment and capability-building.

ASIC’s review of 50 responsible entities revealed outdated and incomplete compliance plans – some missing key regulatory obligations like DDO and IDR entirely. With investigations now underway, responsible entities must act.

ASIC focus areas for FY 2025-26 financial reports

Boards play a critical role in the success of private businesses by providing strategic direction, advising the Executive team, overseeing business performance, and managing risk and compliance. To fulfill these roles effectively, Board members need to be equipped with insightful information.