Insights

Economic conditions have a direct and significant impact on audit judgement because they influence how businesses operate, manage cash, and make critical financial assumptions. For auditors in Australia, shifting economic conditions mean greater scrutiny, deeper analysis, and increased reliance on professional judgement. When uncertainty rises, audit judgement becomes more complex, particularly in areas involving forecasts, valuations, and risk assessment. 

For many business owners, the audit process can feel daunting, at times even overwhelming. It is often viewed as a necessary compliance exercise: something to get through, rather than something to lean into. But in my experience as an auditor, that perspective is where the opportunity is missed.

An audit, when approached the right way, can be far more than a regulatory requirement. It can become a powerful lens through which to better understand your business, challenge assumptions, and ultimately strengthen how you operate.

When people hear the term capital gains tax (CGT), they often think of investment properties, shares and managed funds. However, according to Business Advisory Partner Ryan Lu, that perception only tells part of the story.

AI is changing how audits are delivered, but the story is not just about tools. At PKF Melbourne, our focus is on building the capability of our people to use AI responsibly, critically and effectively.

AASB 18 Presentation and Disclosure in Financial Statements is the next big accounting standard that will affect most entities who prepare general purpose financial statements. 

We see firsthand where growing businesses lose momentum, not in strategy, but in execution and accountability. This article shows how boardroom discipline, supported by experienced advisers, turns intent into consistent outcomes.

CGT reform is changing how gains are taxed but valuation is becoming the real battleground. It’s no longer just about the number, but how well you can prove it. Our corporate finance team have summarised their guidance, perspectives and key planning actions for asset owners.

As businesses grow, accounting systems that once worked can quietly become a source of risk; affecting visibility, decision-making, and stakeholder confidence. This article explores how to recognise the signs and realign your financial setup with your growth.

CFOs should expect real-time, reliable group reporting, moving beyond spreadsheets is a critical step toward achieving it.

This decision is highly relevant for private and family groups that rely on long standing related party arrangements without current documentation. It shows the ATO, and the courts, will look past “how things have always been done” and focus on whether a binding agreement actually exists.

Many business owners assume advisers add value mainly by introducing buyers. This article explains how value is maximised during execution; through process control, negotiation discipline and risk management. 

Many owners assume due diligence begins as soon as a business is for sale. This article explains why it comes later in the divestment process, and how preparation protects value. 

Many business owners believe they must launch a sale process to understand buyer appetite and value. This article demystifies this by explaining how market insight can be gathered first, without committing to a divestment. 

Many business owners worry that engaging corporate finance will trigger a sale process before they are ready. This article explains how a pre‑sale review provides clarity on value, risk and market positioning, without forcing a transaction or timeline. 

Business valuations don’t deliver a single “right” number. This article explains how the purpose of a business valuation shapes methodology, outcomes and board‑level decisions in corporate finance. 

Corporate finance is about creating value, not just closing deals. This article explores how strategic advice, succession planning and people skills drive long-term business outcomes. 

Stefan from PKF shares insights on building market-relevant business value and strategic growth. He joins Ferzad Bharucha on the Play to Win Advisory podcast to discuss corporate advisory in action.

Ever wondered how a graduate auditor builds a dynamic and fulfilling career in professional services?