Articles

For Business

We present articles here that are of interest to people who run a business; either for themselves or someone else.

Also look at some of our e-newsletters that will keep you current with the latest news.

 

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  • 5th Mar 2013

    Audit independence

    Saward Dawson complies with the APES 110 Code of Ethics for Professional Accountants which requires auditors to assess any threats to independence when accepting or performing an audit engagement...
  • 5th Mar 2013

    Audit - Companies Limited by Guarantee

    Small companies with revenue less than $250,000 and not a deductible gift recipient An audit is only required if : Directed by a member Directed by ASIC Required in the companies constitution...
  • 5th Mar 2013

    Audit - Private Companies

    Small proprietary companies , which satisfy two of the following: consolidated revenue less than $25,000,000 consolidated gross assets less than $12,500,000 employ less than 50 employees Do not...
  • 5th Mar 2013

    Audit - Associations

    Incorporated Associations Victoria (other than charities) Tier 1 Total revenue less than $250,000 (or if declared by Registrar) No review or audit of financial statements required unless voted by...
  • 5th Mar 2013

    Audit - Charities and not-for-profit organisations

    Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium...
  • 5th Mar 2013

    The paperwork police are coming

    The Fair Work Ombudsman has been cracking down on bad record keeping and payroll compliance.
  • 5th Mar 2013

    Audit levels of assurance

    Audit - Review - Agreed Upon Procedures Understanding and managing the reporting requirements of your organisation can be a confusing process. Audits offer the highest level of assurance and the best...
  • 5th Mar 2013

    Audit - Reasonable Assurance

    An audit will provide an organisation with an opinion on the true and fair nature of the financial statements. An audit involves: review and testing of internal controls physical verification of...
  • 5th Mar 2013

    Review - Limited Assurance

    A review provides an organisation with a report on anything that has come to the attention that would indicate a material misstatement. The objective of a review differs significantly from that of an...
  • 27th Feb 2013

    Victorian Fire Services Levy

    Victorian businesses and property owners will be affected by a new system of charging the, already existing, Fire Services Levy.
  • 16th Feb 2013

    Business value - Cash flow and finance

    All businesses need initial and ongoing funding to build and support growth. Do you understand how your business is currently funded? What is your reliance on internal/external funding? Understand...
  • 16th Feb 2013

    Business value - Business drivers

    Ensure your team understands drivers that determine success
  • 16th Feb 2013

    Business value - Get the right advice

    It can be lonely in business. But the issues that you face are quite possibly the same as many others in similar circumstances. So get the right advice. There are plenty of avenues to explore: Peers...
  • 16th Feb 2013

    Business value - Develop a succession plan

    There are quite a few options apart from open market sale
  • 16th Feb 2013

    Build value - A strategic plan

    Firstly, it is essential to be clear why you are in business. Then develop a dynamic, concise strategic plan. Set clear goals for your business and determine measurable outcomes. These will then...
  • 16th Feb 2013

    Build value - Personnel

    People are usually the key to success
  • 16th Feb 2013

    Build value - Importance of technology

    Falling behind in technological developments can be detrimental
  • 16th Feb 2013

    Build value - Systems and processes

    Create a culture of continual process improvement
  • 16th Feb 2013

    Business value - Sustainable profitability

    Does the profitability match my expectations?
  • 16th Feb 2013

    Business value - Managing risk

    You could be adversely impacted by unexpected events

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