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Do Big Accounting have a conflict of interest?
An auditor must be independent from the entity it audits. This requirement for independence is legally enforceable under: Corporations Act – Divisions 3, 4 and 5 of Part 2M.4 and s307C APES 110 Code of Ethics for Professional Accountants Auditing standard ASQC 1...
Fraud in Not For Profits a Real Concern
The Not for Profit sector contributes around $43 billion to Australia’s gross domestic product, derived from approximately 600,000 organisations. . This is an attractive sum of money for people intent on unlawful gain, which typically occurs through theft, fraud,...
Fraud on the Rise in Not For Profits
Funds lost through online fraud in the Not for Profit sector is at an all-time high, with fraudulent online transactions resulting in almost 40 per cent of the total value of sector fraud reported, according to the 2012 BDO Not for Profit Fraud Survey. Australian and...
Ministers condemned for failing to pledge air pollution standards will be kept post-Brexit
Ministers were condemned today for failing to pledge that EU air pollution standards will be kept in Britain after Brexit. The Commons environmental audit committee had urged the Government to clarify its position after repeated demands for assurances that air quality...
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