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A charity registered with the Australian Charities and Not-for-Profits Commission (ACNC) is required to prepare either general purpose financial statements (GPFS) or special purpose financial statements (SPFS). The reforms that were effective from 1 July 2021 that saw the end of SPFS for many for-profit private sector entities did not...
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Education providers are complex organisations, faced with unprecedented challenges by an array of stakeholders, including students, staff, parents, governments (often several layers), community members and the media. It seems everyone has an opinion on the best way to educate our population, both young and old. Across PKF Australia and New...
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The Australian Taxation Office (ATO) recently released its sixth findings report, providing key insights into its Top 1000 Combined Assurance Review (CAR) program, particularly focusing on transfer pricing and related areas. Introduced in 2020, the CAR program targets the top 1,000 Australian taxpayers to ensure compliance with taxation laws across...