Having trained and qualified in London, Kamal has gained significant exposure to servicing a broad range of clients and industries in different jurisdictions.

Kamal is a Registered Company Auditor and is experienced in providing audit and assurance services to publicly listed entities, international groups and not-for profits in a variety of industries. With a diverse portfolio of clients, Kamal is passionate about providing audit, assurance and advisory solutions that deliver forward thinking commercial, innovative and value add outcomes to help his clients unlock their potential and achieve their ambitions. Kamal advocates the use of smart technologies in the assurance service delivery so as to achieve a higher quality of output and allowing the team to focus on the objectives of an engagement.

His clients are from a diverse cross-section of industries and therefore his significant industry experience includes mining, technology, financial services, manufacturing, retail, hospitality and entertainment & media sectors.

Kamal’s experience includes:

• External audit and assurance services
• International Accounting Standards, Corporations Act and ASX Listing Rules interpretation and advice
• Accounting for complex transactions
• Financial reporting and financial statement preparation
• Corporate governance
• Risk advisory, systems and technical reviews
• Real estate & solicitor’s trust audits
• Internal audit & SOX
• CFO and outsourcing solutions

Kamal is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

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This year, the series was delivered online with a focus on topics of particular relevance and importance to our clients in 2023, and also provided a general update on what’s new in financial reporting.

Series details

Webinar 1: Financial Reporting update for 30 June 2023

Our experts provided insight and an update on:

• Accounting standard changes
• Key focus areas for 30 June 2023 reporting
• ASIC update
• Corporate governance update
• Sustainability standards
• Other regulatory changes

Webinar 2: Financial Reporting update for 31 December 2023

Our experts covered:

• Accounting standard changes
• Key focus areas for 31 December 2023 reporting
• ASIC update
• Corporate governance update
• Sustainability standards
• Other regulatory changes

Series experts

Tom Mullarkey
Partner, Assurance and Advisory Services
SW 

René Muller
Partner, Assurance and Advisory Services
SW 

Jimmy Cao
Associate Director, Assurance and Advisory Services
SW 

James Serpell
Senior Manager, Assurance and Advisory Services
SW 

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting Webinar Series appeared first on SW Accountants & Advisors.

This year, the series will be delivered online, and sessions are spread across the year with a focus on topics of particular relevance and importance to our clients in 2022, and also provide you with a general update on what’s new in financial reporting.

Series details

Webinar 1 (28 April 2022): Share-based payments

This session delved into the key tax and accounting issues surrounding share-based payments with insightful worked examples. The webinar covered:

• Overview and background
• Recent changes to tax legislation
• What is a share-based payment?
• Vesting conditions
• Recognition and measurement – worked example
• Valuation methodologies

Webinar 2 (19 May 2022): Financial services

Our experts focused on financial services and provided an update on:

• Regulatory update – accounting standards, regulatory bodies
• SIV fund compliance update
• AFSL compliance update including transition to general purpose financial reporting
• Tax update for financial services

Webinar 3 (9 June 2022): Financial Reporting update for financial year end 30 June 2022

Our experts provided insight and an update on:

• Accounting standard changes
• Key focus areas for 30 June 2022 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Webinar 4 (17 November 2022): Financial Reporting update for financial year end 31 December 2022

Our experts will cover:

• Accounting standard changes
• Key focus areas for 31 December 2022 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Series experts

René Muller
Partner, Assurance and Advisory Services
SW 

Tom Mullarkey
Partner, Assurance and Advisory Services
SW 

Jimmy Cao
Associate Director, Assurance and Advisory Services
SW 

Justin Batticciotto
Associate Director, Tax
SW

Vikas Nahar
Director, Corporate Finance 
SW

Bessie Zhang
Partner, Assurance and Advisory Services
SW

Rami Eltchelebi
Partner, Assurance and Advisory Services
SW 

Simon Tucker
Director, Tax 
SW

Brent Sheers
Senior Manager, Assurance and Advisory Services
SW

Mark Smit
Associate Director, Assurance and Advisory Services
SW 

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting Webinar Series appeared first on SW Accountants & Advisors.

Our Assurance and Advisory team embraces technology, including cutting edge data analytics software and other bespoke IT tools to ensure a targeted and robust approach. With relationships at the centre of what we do, our team is committed to fully understand your business resulting in a tailored solution that best meets your needs.

• financial statement audits and reviews
• compliance audits
• controls assurance reports, including GS007
• corporate governance
• data analytics
• information technology risk and security
• internal audit
• review of financial reports
• risk management and Corporate Governance systems and controls reviews
• technical IFRS, accounting advice and training
• preparation of financial reports
• other assurance engagements.

The post Audit & assurance appeared first on SW Accountants & Advisors.

Working with a diverse portfolio of clients from listed companies to large private companies and not-for-profit entities, René’s focus is on delivering value-add assurance services which are relationship driven.

Rene takes a commercial approach while having a strong technical background. She keeps her eye on the big picture to identify opportunities and solutions for her clients. René has a strong technical focus, and offers technical and financial reporting advice to clients across all industries and entity types as part of SW’s Technical Accounting service offering.

With over 20 years in the profession, René’s experience includes:

• Undertaking external audits of Australian and multi-national businesses, including working with other auditors in various jurisdictions
• Offering financial reporting technical advice that balances compliance with commercial outcomes
• Undertaking pre-IPO audits of numerous companies seeking IPO on the ASX
• Performing financial due diligence as part of M&A transactions
• Lead author of XYZ Model Financial Accounts, published by Thomson Reuters, from 2014 to 2017.

René is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

The post René Muller, Partner appeared first on SW Accountants & Advisors.

Hayley is a Partner and leader of the Assurance and Advisory Division. She was the previous Head of Audit Quality and Risk for the National practice. She has over 16 years’ experience and takes a proactive approach to working collaboratively with her clients to create solutions that deliver real value.

Hayley works with a diverse portfolio of clients from listed companies to large proprietary companies. Her expertise means that she has an understanding of the trends and regulatory changes affecting a range of different sectors. She leverages this knowledge on every engagement, assisting her clients to make strategic and commercial decisions with confidence.

She takes pride in keeping her clients informed at every step of an assurance process. A testament to her passion and expertise in the technical aspects of auditing and accounting is her appointment to the Education Board of Chartered Accountants of Australia and New Zealand.

Hayley’s experience includes:

• Undertaking external audits that deliver real value and are focused on continuous improvement
• Providing technical accounting and auditing advice
• Expert witness engagements
• Member of the accounting firms’ forum group for AASB for the NFP sector – this is a working group set up by the AASB to get insight from accounting firms on the issues facing NFP entities when applying accounting standards
• Hayley has served as Board Director on the following NFP organisations: Spectrum Migrant Resource Centre, McClelland Sculpture Park and Gallery, Brookville Kindergarten and the Education Board of CAANZ.

Hayley is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

The post Hayley Underwood, Partner appeared first on SW Accountants & Advisors.

Prior to joining SW, Bessie was appointed the Chief Financial Officer for an ASX listed mining company which equipped her with extensive corporate governance and risk management experience.

Bessie has a wealth of professional experience and an extensive background in accounting, audit and management.

Bessie’s experience includes:

• Understanding both Australian accounting standards (AIFRs) and PRC GAAPs. Bessie has been qualified for Australia and China’s CPA for more than 10 years and 16 years respectively. She is familiar with PRC GAAPs and international financial reporting standards (IFRS)
• Knowledge in managing international companies. Bessie has led auditing and advisory engagements involving national and international companies.
• Understanding the financial impact and risk management perspectives of sales and purchase agreements
• Liaising with ASIC and responding to ASIC’s financial reporting surveillance inspection requirements

Bessie is a Partner of SW Audit and a Director of SW Accountants & Advisors Pty Ltd.

The post Bessie Zhang, Partner appeared first on SW Accountants & Advisors.

Webinar 1 (18 March 2021): Removal of special purpose financial reporting

• Moving from Special Purpose to General Purpose Financial Statements
• Exempt entities
• Requirements of AASB 1060 i.e. New tier 2 General Purpose Financial Statements – Simplified Disclosures
• Applying AASB 1 First-time Adoption of Australian Accounting Standards

Webinar 2 (29 April 2021): Valuation of assets

• Identifying impairment indicators
• Fair valuing assets in accordance with accounting standards
• Estimating key inputs
• Accounting for impairment of assets

Webinar 3 (27 May 2021): Financial Reporting update for 30 June 2021

• Accounting standard changes
• Key focus areas for 30 June 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes

Webinar 4 (11 November 2021): Financial Reporting update for 31 December 2021

• Accounting standard changes
• Key focus areas for 31 December 2021 reporting
• ASIC update and focus areas
• Corporate governance update
• Other regulatory changes
• Not-for-profit update
• Employee share schemes update

Series speakers

René Muller
Partner

Tom Mullarkey
Partner

Kerry McGoldrick
Partner

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Financial Reporting series 2021 appeared first on SW Accountants & Advisors.

A Director identification number is a unique identifier and has been introduced to prevent the false or fraudulent use of directors’ identities.

Who needs to Apply for a Director ID

You need a Director ID if you are an “eligible officer” of:

• a company, a registered Australian body or a registered foreign company under the Corporations Act 2001 (Corporations Act)
• an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)
• Charity or not-for-profit organisation that is a company or Aboriginal and Torres Strait Islander Corporation, for instance public companies limited by guarantee
• Director of Incorporated Associations which have an Australian Registered Body Number (ARBN) – an incorporated association that is registered with ASIC and trades outside of the state or territory in which it is incorporated will be affected even if they are not ACNC registered.

An eligible officer is a director or an alternate director who is acting in that capacity.

There is provision for other types of officers to be prescribed by regulation so there may be further changes to this in the future.

When to apply for a Director ID

The Director ID application will be available from November 2021, with transitional arrangements for existing and new directors. When you need to apply for a Director ID will depend on when you become a director, as set out below:

Directors in place prior to 31 October 2022 for Indigenous corporations that are governed by the CATSI Act will be required to apply for a Director ID by 30 November 2023 and those who become eligible officers after 1 November 2022 will need to apply before their appointment.

Application process

The preferred process is to apply for a MyGovID and then apply online using the ABRS website. This may be difficult for some directors including foreign directors but there are alternative application processes available by telephone or paper applications.

We will provide further information in November 2021 once the application process is open. Although we cannot do your application for you, we can assist you in the process. Please do not hesitate to reach out to your SW Consultant to gain their assistance and more detailed instructions.

Get in touch

Reach out to your SW advisor or one of our key contacts for any questions about the Director ID’s and/or assistance with the process.

Contributors

Heather Dyke

E hdyke@sw-au.com

The post Director Identification Numbers appeared first on SW Accountants & Advisors.

Beyond shareholder value: The emerging sustainable enterprise.

In August, 181 of the 193 members of the US Business Roundtable, signed a new statement of its principles of corporate governance. The Sydney Morning Herald cited that the existing statement no longer accurately described the way CEOs strive to create value for all stakeholders. Addressing the long term interests of all stakeholders is now thought to directly include issues such as diversity, social inclusion and the environment. This new statement has significant ramifications for corporate governance in Australia.

Our expert speaker Rob Gell AM, Principal Consultant, ShineWing Australia will provide insights on the changing nature of corporate governance, with an ever increasing focus on sustainability. Our panel will be moderated by David Lynch, Principal Consultant, ShineWing Australia, will explore the complexity of issues corporations now face and provide insights on how leading enterprises are responding.

A light lunch will be served and there will be an opportunity to network with Club members and guests.

Event details

Speakers

Presenter: Rob Gell AM, Principal Consultant, ShineWing Australia Rob is an environmental geographer, Founder and Executive Director of ReThink Sustainability Pty Ltd., a Fellow of the Royal Geographical Society and an Inaugural Fellow of the Environment Institute of Australia and New Zealand. He is a member of the council of the Royal Society of Victoria and a member of the Melbourne Sustainable Society Institute Advisory Board, he is also a published author and a photographer and a Life Australia Day Ambassador.

Panel moderator: David Lynch, Principal Consultant, ShineWing Australia David is Principal Consultant at ShineWing Sustainability and CEO & Executive Director of ReThink Sustainability, he has been helping businesses, governments and consumers accelerate the adoption of the UN Sustainable Development Goals and sustainability best practices. David is a technologist, an innovator and a digital thought leader who has combined these passions over many years with a strong focus on sustainable business practices, particularly during his career in China.

Registration and more information

For more information about these events, or if you have any queries, please contact the ShineWing Australia Marketing team via marketing@sw-au.com.

We look forward to your attendance.

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