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New and revised accounting standards, AASB 108
Forensic audit explained: scope, deliverables, and when forensic accounting fits.
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.
ASIC focus areas for FY 2025-26 financial reports
ADIs are navigating regulatory reform, digital transformation, and rising fraud risks by strengthening governance, modernising infrastructure, and aligning strategy with compliance to drive resilience and long-term value.
ASIC focus areas for 30 June 2024 financial reports
The Financial Accountability Regime (FAR) Bill 2023 marks a pivotal transformation in financial sector oversight, affecting all APRA regulated financial entities in the banking, insurance and superannuation industries as well as their significant related entities. Jointly administered by ASIC and APRA, the FAR will replace the Banking Executive Accountability Regime (BEAR), aiming to improve risk and governance cultures by imposing a strengthened responsibility and accountability framework for those financial institutions.
APRA-regulated businesses operating in the banking, insurance, and superannuation industries will soon be faced with significant regulatory changes. APRA and the ASIC have commenced early consultation around the introduction of the Financial Accountability Regime, which aims to establish a strong accountability framework to enhance risk management and governance practices in the financial sector.
As the FY22 year-end financial reporting date approaches, we explore some of the important changes, current environmental risks and why it pays to start planning early.
The recent COVID-19 outbreak has caused extensive disruptions to the entire global economy.
