Adopt global sustainability standards urgently, accountants say

Why are accountants always so calm, composed, and methodical? They have strong internal controls.

Can the latest audit tools for practice deliver faster, higher quality audits or are humans still largely required to do the grunt work?

With its long hours and propensity for staff burnout, audit has long been a target for automation. At last, it’s undergoing a revolution. A host of new tech-driven tools and techniques are taking over much of the legwork, leading to a reduction in the human time and effort required to complete jobs. The shift to the cloud has also made it easier for audit firms to find staff overseas, reducing some of the strain on the sector caused by lockdowns.

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Excel tips: three quick fixes

Learn how to add the full path name of your Excel file to the footer without typing it, multiply cells in a range by a factor and find the last used cell in a column using a formula.

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Adopt global sustainability standards urgently, accountants say

Australia urgently needs to adopt a national approach to climate risk reporting in line with global sustainability standards or risk losing international investors, Australia’s two leading accounting industry bodies say.

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Ethical dilemmas – What would you do?

Accountants know that they are bound to act ethically and in the public interest. But what exactly does this mean? If you are confronted by an ethical dilemma then how do you make the right decision?

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From the Accountants Chat Australia Group