Our latest insights

Artificial intelligence is accelerating and amplifying traditional business risks, from cyber threats to fraud and decision-making integrity. This article outlines five emerging risk patterns and highlights why organisations must rethink risk management approaches to remain effective in an AI-driven environment.

Enterprise Resource Planning systems automate and integrate core business processes across HR, finance, supply chain, inventory and operations and like any major technology, they evolve over time. Sometimes this is through incremental upgrades, and other times it is through large‑scale transformation projects that introduce an entirely new platform.

Artificial intelligence is now firmly embedded across Australian financial services. What was once experimental is becoming operational, customer facing and increasingly central to core decision making.

Proactive stress testing to manage macroeconomic risk, strengthen financial stability and banking

Embed ESG risks into strategy and culture to drive sustainability beyond compliance.

While APRA has acknowledged the achievements of member-owned and not-for-profit funds to-date, it also noted Boards must do more to ensure long-term sustainability of their organisations.

In this episode, Risk Consulting Partners and AML/CTF experts Neil Jeans and Katherine Shamai discuss the implications of the new AML/CTF Amendment Act, AUSTRAC’s expanded authority to investigate organisations, and the important questions Board should be asking management teams when it comes to the new reforms.

In the latest episode of Beyond the Numbers with Grant Thornton, our Brisbane Office Chair and Tax Partner Sian Sinclair and Risk Consulting Partner Jarrod Lean discuss opportunities, challenges, procurement risks and strategies.

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 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.

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.