Acuity Magazine

4 days ago | acuitymag.com | Lachlan Colquhoun |Christopher Niesche

4 min read In brief The International Public Sector Accounting Standards Board (IPSASB) has released its draft standard for climate-related disclosures. The IPSASB has been receiving submissions from stakeholders on the exposure draft and will consider the feedback later this year in determining how to finalise the standard.

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.

2 weeks ago | acuitymag.com | Joshua Gliddon |Sholto Macpherson

Tristan Tan CA has expertise across multiple disciplines. He has worked in taxation for more than 10 years and is currently a commercial associate director with IFM Investors. He’s also studying his Juris Doctor (a graduate-level law degree that provide the necessary foundation for practising law in Australia) and is a chartered financial analyst (CFA) Level II candidate, studying the second level of the CFA program.

1 month ago | acuitymag.com | Chris Sheedy

As Australia’s charging infrastructure expands and vehicle prices continue to decline, an increasing number of individuals and businesses are making the switch to electric vehicles (EVs) each year. More than 300,000 EVs are estimated to be on the roads in early 2025, reflecting a growing shift toward electrifying transport. According to the Electric Vehicle Council, EV adoption surged in 2024, with 9.53% of all new cars sold being electric, representing a 150% increase from 2022.

1 month ago | acuitymag.com | Lachlan Colquhoun |Christopher Niesche |Domini Stuart |Francesco Solfrini

6 min read Quick take Traditional accounting frameworks such as IFRS and GAAP aren’t built for crypto which creates challenges in classification, valuation and reporting. Crypto markets are highly volatile, requiring active management and flexible budgeting strategies beyond those needed for equity holdings. CAs have the opportunity to become the Swiss Army knives of the crypto industry, taking on diverse roles in financial reporting, taxation and blockchain development.