Key Audit Issues for Large Proprietary Entities
As large proprietary entities prepare for the 30 June 2025 reporting season, audit scrutiny is intensifying across several high-risk areas. Economic uncertainty, evolving regulatory expectations, and increased stakeholder demand for transparency mean that audit readiness is more critical than ever. In this article, our Audit Partner Navin Prasad outlines the key areas of focus for […]
Safeguarding the Future: Going Concern Strategies for Queensland Community Clubs
Our Audit Partner, Navin Prasad, explores the critical concept of going concern and what it means for community clubs across Queensland. With deep experience supporting not-for-profit organisations, Navin outlines the key risks threatening the financial viability of these clubs and provides practical strategies to build resilience, improve governance, and secure a sustainable future. Understanding the […]
Accounting for Gaming Entitlements in Queensland Community Clubs
Electronic gaming machines play a significant role in the operations of many Queensland community clubs – but their use is tightly regulated through the allocation of gaming entitlements. Navin Prasad, Audit Partner, explains how these entitlements are defined and treated under Australian accounting standards, and discusses the key considerations and challenges clubs should be aware […]
Franchisor Marketing Fund Audits
If you’re a franchisor managing a marketing fund, it’s important to understand your obligations under the Franchising Code of Conduct. These funds, contributed to by franchisees, must be handled with transparency and in strict accordance with the Code. In addition to referencing the fund in the Franchise Agreement, franchisors must: Financial Reporting Requirements Section 15 […]