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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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Regulation is coming: are you ready? Artificial Intelligence (AI) has grown from simple, single-task systems to powerful tools like large-language models (LLMs), like ChatGPT and Microsoft’s Co-Pilot, but there hasn't been much regulation or control over its development. The rapid pace of technological advancement has outstripped the ability of regulatory...