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Summer
edition
of
Clarity
out
now
Insights
The PKF Perth team is proud to have acted as financial and tax adviser to the shareholders of Dataline Visual Link Pty (DVL) in the sale of the business to ASX-listed Intelligent Monitoring Group (IMG). DVL is a Perth based provider of high-quality and leading-edge electronic security solutions, including CCTV...
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PKF Perth is proud to support Perth Children’s Hospital Foundation (PCHF) Christmas Appeal, “Ring the Bell”, with a $10,000 donation. The funds raised by the Christmas appeal will be used to support children’s cancer research and ensure that sick children have access to world-class care. For PCHF, the most heartwarming...
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Corporate responsibility beyond profit At its core, ESG encourages corporations and other businesses and not for profit entities to be better corporate citizens and expand their focus beyond financial performance. Traditionally corporations were focused on financial aspects of their business, such as profitability, EBIT, dividend yields to name a few...
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Each year thousands of women from across Australia take part in Triathlon Pink at WA Athletics Centre to raise funds for breast cancer research. And, this year, a team of women from PKF Perth participated raising $11,000 for the cause. The event is designed to cater to all abilities. Some...
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After 28 years at our previous location in West Perth, PKF Perth is proud to announce our relocation to a modern and vibrant office space in the Perth CBD. The new office is conveniently located at Level 8, 905 Hay Street, Perth (also known as Dynons Plaza) and boasts a...
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In October 2023, ASIC published its annual surveillance report. The report highlights areas where the quality of financial reporting and audits can be improved. The surveillance report summarises findings from ASIC’s reviews of both financial reports (180 ASXlisted entities and large unlisted entities) and audit files (15 related audit files...
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As we progress through the 30 June 2023 financial reporting season, the Australian Securities and Investments Commission (ASIC) has placed a strong focus on the current economic climate in which entities are operating and how this may affect their business, especially considering factors such as increasing interest rates and rising...
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Family dynamics are at the heart of farm succession planning, where relationships, roles, and expectations among family members can significantly influence the success or failure of the transition process. Ensuring a harmonious handover not only safeguards the farm's future but also maintains family unity.
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Quite often, the terms ‘equity’ and ‘equality’ are used interchangeably, however there are subtle yet important differences that are useful to understand as we – as individuals and as organisations – seek to attract and retain talented people, and advance as employers of choice. The Cambridge Dictionary defines equity as...
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Despite the widespread economic impact of COVID-19, the Australian market activity rebounded strongly in the second half of 2020 with a resurgence in company acquisitions and mergers. Although such transactions can have significant benefits for an acquiring company, the related accounting is often complex. AASB 3 ‘Business Combinations’ requires an...
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During the second half of the 2019 calendar year, the ASX released a consultation paper on proposed changes which it has received and reviewed responses to. As of 1 December 2019, the majority of these changes will come into effect. Below is an overview of two common aspects that our...
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The new accounting standards for Revenue (AASB 15) and Financial Instruments (AASB 9) have now come into operation for years commencing after 1 January 2018. This not only effects the annual report but for disclosing entities, this will also impact the half year interim reports. Most articles have discussed in...