Going concern basis of accounting

Going concern basis of accounting

Recent economic uncertainty raises questions around what responsibilities trustees and auditors have in relation to an SMSF’s ability to continue as a going concern. “Economic uncertainty” is a phrase we hear all too much lately due to most organisations and...
Financial requirements of Australian Financial Services Licence (AFSL)

Financial requirements of Australian Financial Services Licence (AFSL)

Section 912A of the Corporations Act 2001 (“the Act”) sets out a number of obligations which the holder of an Australian financial services (“AFS”) licence must adhere to in order to fulfil their licence obligations. To support the financial requirements imposed by...