Insights

Regional businesses are the backbone of Australia’s economy, driving growth across agriculture, tourism, manufacturing, services, and community enterprises. However, these businesses are facing mounting pressures, from climate extremes and demographic shifts to rising insurance costs and digital connectivity challenges.

Whether you are a primary producer, small business operator, or policymaker, this guide provides insights to help you anticipate challenges and respond effectively.

Leading audit, accounting and tax firm PKF has announced its expansion in North Queensland with the opening of a new office in Townsville’s CBD. Leading PKF North Queensland in the Townsville office will be Audit and Assurance Partner Tim Follett, who recently relocated to Townsville from Brisbane. Tim has family...

The recent reporting season has seen many Not-For-Profits (NFPs) ask the question ‘what impact will the COVID-19 pandemic have on my financial statements?’ The pandemic has significantly increased levels of uncertainty in the economy coupled with inherent levels of uncertainty in financial reports, leading to uncertainty on uncertainty. While those...

AASB 139 Financial Instruments: Recognition and Measurement previously required impairment allowances be measured according to an incurred loss model. Under this model, the recognition of credit loss allowances was triggered by loss event subsequent. However, the new AASB 9 Financial Instruments (applicable for reporting periods beginning on or after 1...