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Thursday, 19 January 2012
When implemented, the FoFA Bills will require the financial planning industry to undertake the most significant and extensive changes since the introduction of Financial Services Reform in 2001. For these reforms to achieve objectives it is vital that the implementation and transition periods are aligned.
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Thursday, 12 January 2012
By virtue of mutual recognition between IPA and the Institute of Cost and Works Accountants of India (ICWAI), IPA members can apply for membership of ICWAI without appearing for any examination of ICWAI. If you are interested, please refer to attached ICWAI membership application form and procedure for details.
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Thursday, 22 December 2011
The JAB welcomes the opportunity to comment on the Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011.
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Tuesday, 20 December 2011
The Franchising Code of Conduct has the force of law and requires franchisors to disclose specific information about a franchise to both potential and existing franchisees. It regulates the dealings between both parties in a franchise relationship and provides for dispute resolution mechanisms.
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Monday, 19 December 2011
The Joint Accounting Bodies consider APES GN 40 Ethical Conflicts in the Workplace – Considerations for Members in Business as important guidance for Members who are employed in a diverse range of organisations and in a variety of roles. We support the issue of the proposed guidance note that supersedes GN1 Members in Business Guidance Statement.
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Friday, 16 December 2011
The JAB support the proposed amendments in the standard as they remove a series of disclosures that are burdensome for entities that do not have public accountability.
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Wednesday, 14 December 2011
Small business can now expect faster GST refunds as a result of changes to ATO practices following a decision in the Full Federal Court.
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Thursday, 8 December 2011
The JAB are strongly supportive of maintaining the Financial Reporting Panel (FRP). As an arbiter in technical accounting disputes between ASIC and companies it has the capacity to be an important part of the process to maintain integrity in our financial reporting system.
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Thursday, 8 December 2011
Although Christmas is a time for giving, individuals should consider their financial situation and household budget before over committing themselves, warns the Institute of Public Accountants.
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Wednesday, 7 December 2011
The JAB support the primary objective of the exposure draft to address user information needs through an exception based, fair value presentation of investments in controlled entities, however, we do not agree with the proposed narrow scope.
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Wednesday, 7 December 2011
The JAB consider that when an entity's primary objective in making an investment in an entity is to obtain capital appreciation and/or investment income rather than to obtain benefits through control, the information needs of users are not best met by the presentation of consolidated financial statements.
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Friday, 2 December 2011
As a whole, the IPA supports the Government’s proposed changes to the "Taxation of Share Buy Backs" draft Bill as the measures will provide greater certainty, reduce compliance costs and result in overall balanced outcomes.
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