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 […]
Sustainability Reporting for Licensed Clubs in Australia: A Growing Trend Towards Transparency and Responsibility
Licensed clubs play a unique role in Australian communities – as gathering places, cultural hubs, and drivers of local impact. Increasingly, that role comes with heightened expectations around transparency and accountability. Our Audit Partner, Navin Prasad, works closely with clubs across the country, helping them navigate today’s fast-evolving landscape of governance and stakeholder expectations. One […]
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 […]
ASIC’s $187,800 Penalty: A Compliance Wake-Up Call for Foreign-Controlled Companies
ASIC recently fined a small proprietary company $187,800 for failing to lodge financial reports on time –highlighting the importance of financial compliance for small foreign-controlled companies. Under the Corporations Act 2001, such entities must submit financial reports unless they qualify for ASIC relief. To avoid penalties: At SRJ Walker Wayland, we provide expert guidance on […]
Not a Gamble: How Kedron-Wavell Took Financial Control
Running Services Club finances is no picnic. But using the right systems—and with help for a smooth transition—you can use technology to make it a piece of cake. At Kedron-Wavell—one of Brisbane’s iconic Services Clubs—Finance Manager Brayden Young saw an opportunity to leverage technology to simplify the complex—and in the process help make his small finance team […]
Strength To Strength: How GDG learnt to love their annual audit.
Imagine a large non-profit with complex reporting looking forward to its annual audit. That’s exactly what happened for Brenda Pearson, Administrator of Global Development Group. “We build better lives for the world’s poorest people,” she explains. “As a charity, we have more than 5-million beneficiaries across the world, 15-thousand donors—and no government funding,” she says. […]