Susan Muldowney

1 week ago | acuitymag.com | Christopher Niesche |Susan Muldowney

Regulators in Australia and New Zealand have reported findings focused on revenue, impairment asset values and the new quality management standards in their latest surveillance of audit quality. How are Australian auditors performing? The Australian Securities & Investments Commission (ASIC) reviewed 188 financial reports, identifying 22 financial reporting findings. Additionally, 15 related audit files were reviewed across 11 audit firms, identifying findings in 12 surveillances at nine firms.

Feb 5, 2025 | acuitymag.com | Susan Muldowney |Sholto Macpherson

Words by Professor Richard HoldenThe Australian 2024–2025 ‘mini-budget’ or Mid-Year Economic and Fiscal Outlook (MYEFO), released in mid-December 2024, was a tale of two narratives. According to the government, it has delivered two surpluses so far and their “responsible economic management” has done the following:“The budget position has improved by around a cumulative A$200 billion over the six years to 2027–28, compared to the 2022 Pre-election Economic and Fiscal Outlook (PEFO).

Feb 5, 2025 | acuitymag.com | Susan Muldowney |Sholto Macpherson

In December 2023, Australia’s Nature Finance Council was established to increase private sector financial support to benefit nature. Karen McWilliams FCA, sustainability and business reform leader, at CA ANZ, is a member of the council and explains its purpose and goals, as well as the key challenges and opportunities of boosting investment in natural capital. Why was the council established and what are its key goals?