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Updated regularly during the semester, the Current
affairs
noticeboard presents topical and current issues in accounting.
The Current Affairs in Audit are prepared monthly by Rod Johnson,
lecturer in the School of Accounting and Finance at Deakin University.
Tom Ravlic, Financial Journalist, is also contributing articles.
May 2004
AASB
to issue ED on fair value
ASIC
rule companies to change
Corporate
activist backs ban on partners
Democrats
back adoption of IFRS
Edge
letter didn't seek to undermine
Network
Foods claims IFRS proactivity
TOP
April 2004
Former
audit board member a casualty of the NAB aftermath
Controversial
financial instruments
Debate
over extractives implications
Disallowance
threat in play
Hills
industries on warpath over expensing options
Intangibles
lobbying continues
Should
parent entity financial statements disappear?
Stakeholders
want fraud detectors, says Lucy
TOP
November 2003
Overview
to November
Reaction
to independence reforms included in CLERP 9 Bill
APRA
changes for general insurance companies
Further
provisions from the Bill
November
in summary
TOP
October 2003
CLERP
9: An overview of key policy changes
Responses
from the coal face
Out
with the old AASB, in with the new IASB
Black
letter, gray letter games are over under IFRS
Overview
to October
October
in summary
Contravening
independence requirements — an offence
Non-audit
services
Rotation
of auditors
What
practices can the auditor adopt and remain independent?
Employment
of members of audit team
Declaration
of independence
TOP
September 2003
Mergers
active in second tier firms
New
Federal face of governance
TOP
August 2003
CLERP
9: impact on audit regulation
Tweedie
warns AASB
Overview
to August
Extinction
of audit profession
Announcement
of retirement for David Knott
Review
of ASX Corporate Governance Guidelines
Reforms
to legal liability and professional insurance
August
in summary
Investigation
into Burns Philp's writedowns
Development
of ASX Corporate Governance Guidelines
ASIC
v. Rich
Campaign
on insolvent trading and the John Elliott case
TOP
July 2003
Australia
lobbies IASB
Standard
setter looks for a new home
Boom
and bust economies – Inevitability of corporate collapse
ICAA
issues paper discussing the scope of the audit
Waiting
to be regulated
TOP
June 2003
Dealing
with Corporate Collapses
Ethics
and risk
Fraud
detection — an area of increasing auditor responsibility?
Judgement
in Baring's case
Corporate
Collapse
Principle
versus rule-based standards
Landmark
Accounting Legislation Passes in New York State Senate
WorldCom
Lawsuit Against Andersen Gets Go-Ahead
TOP
May 2003
AASB
leadership
Audit
standards takeover confirmed
Five
new accounting standards drafted
Huge
payouts to stop
IASB
will show no leniency
Reporting
superannuation liabilities
Unfit
directors to go
TOP
April 2003
ASIC
scores another scalp
Company
directors must be vigilant
FASB
align more to IASB
HIH
Royal Commission recommends
Justice
Owen backs move to international accounting standards
Additional
analysis of audit disputes
Andersen
failed to do enough work
April
2003 in review
ASIC
v Rich
HIH
inquiry outcomes and April review
Further
pressures to adopt good corporate governance practices
Report
of the HIH Royal Commission
Speech
by Royal Commissioner
TOP
March 2003
KPMG
launches Audit Committee Institute
KPMG
launches Audit Committee Toolkit
The
findings of the Royal Commission into the collapse of HIH
Parking
ticket-style fines for non-compliance
FRC
seeks new leader
US
regulator proposes amendments to rules CFO and CEO declarations
Audit
standards to be redrafted
Corporate
governance — wider definition
Effectiveness
of corporate governance
Factors
causing changes in roles
Meaning
of corporate governance
Relationship
of corporate governance to auditing
Why
the emphasis on corporate governance?
Conclusion/reflections
on March
TOP
February 2003
Funding
standard setting in Australia
Financial
Reporting Council considering public meetings
Auditor
surrenders audit ticket
KPMG
Australia's new online resources
Lowering
insurance standards
January 2003
ASIC
gets tough
ASIC
looks closer
Audit
independence
Good
cop, bad cop: auditors and bankers
Reporting
intangible assets
The
'Big Bang' of international accounting standards
The
'Big Bang' of potential problems
The
move to international accounting standards
Top
November 2002
November
2002 in review
Independence
of Arthur Andersen
Lawsuit
- APRA and the actuary
Other
matters in October/November media - Submission by profession relating
to CLERP 9
Quality
audits - Evidence is the prime consideration
Was
Arthur Andersen negligent?
Top
October 2002
October
2002 in review
Emphasis
on corporate governance
Reactions
to government's discussion paper
The
Joint Standing Committee on Public Accountant and Audit's Report
Top
September 2002
September
2002 in review
Attendance
of audio at AGM
Audit
committees
Audit
independence
Auditor
liability
Non-audit
services
Partner
rotation
Recommendations
of discussion paper
Top
August 2002
August
2002 in review
Sarbanes-Oxley
Act 2002
Regulatory
problem of auditors
Politics
of regulation
Top
July 2002
Events
in the USA—the collapse of WorldCom
Other
accounting irregularities
Changes
to regulation for accounting and auditing in USA
Top
June 2002
Audit
affairs of June: a recap
ASIC's
submission to the Joint Committee of Public Accounts and Audit
Rotation
of audit firms
Should
audit firms offer consulting services?
Top
May 2002
Introduction
Ramsay
Report recommendations into audit independence
New
standard issued on audit independence
Reforms
to auditing firms' policies on independence
Companies'
reactions to independence problems
Top
April 2002
Current
Affairs in Audit
Chronology
of significant facts leading to a crisis facing the audit professor
Top
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