With Interest

Receiving communications from the Australian Taxation Office (ATO) can often be stressful for taxpayers and their advisers.

Nevertheless, being aware of what to anticipate and how to appropriately react can alleviate some of the anxiety.

As the deadline for submitting your tax return approaches (October 31), we've got you covered. This timely episode provides valuable insights and guidance on what's essential.

Tune in now.

Host: Dr Jane Rennie, Head of Media and External Engagement, CPA Australia

Guest: Elinor Kasapidis, Head of Policy and Advocacy, CPA Australia

For more insights on today's topic, CPA Australia has a tip sheet on responding to ATO enquiries. Additionally, the ATO has a taxpayer charter with further information.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting:

• With Interest
• INTHEBLACK
• INTHEBLACK Out Loud
• Excel Tips

Search for them in your podcast platform.

You can email the podcast team at [email protected]

This is a special cybersecurity awareness month edition of With Interest.

Governments, businesses large and small, and individuals – no-one is safe from man in the middle attacks. Just ask Google, Facebook or Puerto Rico.

Also known as payment redirection or invoice fraud, these schemes are devasting, highly profitable, growing and evolving.

Join our cyber and consumer experts to find out what it takes to defeat these money mules.

Tune in now.

Host: Jacqueline Blondell, Editor, CPA Australia

Guests: Alastair MacGibbon is Chief Strategy Officer at CyberCX. He's has spent 20 years in the cyber security space, including as a former special advisor to the Australian Prime Minister on cyber security.

Delia Rickard is a former Deputy Chair at the Australian Competition and Consumer Commission (ACCC) and has spent a decade fighting scammers.

Show notes

The ACCC's Scamwatch website includes fraud prevention advice, case studies and up-to-date data on what different types of frauds are costing the Australian people.

If you'd like to read more about invoice fraud, including the schemes discussed in this episode, these links have information through press releases, documents and news articles.

• · Puerto Rican fraud https://www.nytimes.com/2020/02/13/us/puerto-rico-phishing.html
• · https://www.trendmicro.com/vinfo/hk-en/security/news/cybercrime-and-digital-threats/puerto-rico-loses-millions-in-email-scam
• · https://www.nbcnews.com/news/latino/puerto-rico-says-it-was-scammed-out-2-6-million-n1136191
• · Toyota fraud Toyota Parts Supplier Hit By $37 Million Email Scam (forbes.com)
• · https://www.cpomagazine.com/cyber-security/toyota-subsidiary-loses-37-million-due-to-bec-scam/
• · Facebook, Google fraud Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook | Reuters
• · Barbara Corcoran fraud How Barbara Corcoran almost lost $400,000 to an email scam (cnbc.com)
• · Phishing in Australia Phishing - scam emails | Cyber.gov.au

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• INTHEBLACK Out Loud
• Excel Tips

Search for them in your podcast app.

You can email the podcast team at [email protected]

Did you know that the audit function dates back to ancient Rome? Or that it was Henry I who coined the word "audit"? Explore these and other interesting facts about the audit profession in the lead-up to Auditor Proud Day.

This wide-ranging conversation covers the audit expectation gap, how auditors respond to climate change and what would happen to the economy if there weren't enough auditors.

Tune in now.

Host: Dr. Jane Rennie, Head of Media and External Engagement, CPA Australia

Guest: Ram Subramanian, Senior Manager Audit & Assurance, CPA Australia

Additional show notes:

PDF: Guide on climate risks and its impacts on the audit of financial statements

Pre-recorded webinar: Climate risk – what external auditors need to consider [Password:CPAAustralia2023]

Video: Understanding International Standard on Sustainability Assurance 5000 (IAASB ED 5000)

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast app.

You can email the podcast team at [email protected]

Do businesses using AI outperform those that don't? What AI tools are accountants using?

Our subject matter experts answer these questions and more as they break down CPA Australia's third annual Business Technology Report, a survey of technology used by businesses in the Asia-Pacific.

Host: Simon Downes, External Affairs Lead, CPA Australia

Guest: Gavan Ord, Business Investment Policy Manager, CPA Australia

Read CPA Australia Business Technology Report 2023 for the full findings of our survey.

The Australian Cyber Security Centre (ACSC) has detailed information about the Essential Eight cybersecurity risk mitigation strategies.

CPA Australia member benefits, tools, guides and links for technology and cybersecurity are available on our website.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast app.

You can email the podcast team at [email protected]

We examine the recent Government review into insolvency with the report Chair.

Broken or fit for purpose? We put Australia's corporate insolvency regime under the spotlight.

Tune in now.

Host: Dr Jane Rennie, Head of Media and External Engagement, CPA Australia

Guest: Senator Deborah O'Neill, the Chair of a Parliamentary Joint Committee on Corporate and Financial Services (PJCCFS) which released a report into corporate insolvency in July 2023

For more insights, you can read the corporate insolvency in Australia report online and CPA Australia's submission to the review.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast platform.

You can email the podcast team at [email protected]

JobKeeper was the biggest stimulus payment to business in Australian history.

CPA Australia's expert panel takes a look at how this A$88.9 billion stimulus package stacks up against other programs and evaluates its effectiveness.

Was it worth the cost? Tune in now.

Host: Dr Jane Rennie, Head of Media and External Engagement, CPA Australia

Guests: Elinor Kasapidis, Head of Policy and Advocacy, CPA Australia, and Gavan Ord, Senior Manager Business Policy, CPA Australia

In June this year, the Australian Government called for feedback on the JobKeeper program. CPA Australia made a submission, which you can read online.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• INTHEBLACK Out Loud
• Excel Tips

Search for them in your podcast app.

You can email the podcast team at [email protected]

Do you need to enhance your understanding of Australia's property market? Whether you're a homeowner, investor, buyer or renter, this episode will provide you with valuable property insights.

Uncover expert perspectives from one of Australia's most respected economists by tuning in now.

Host: Dr Jane Rennie, Head of Media and External Relations, CPA Australia

Guest: Warren Hogan, Chief Economic Adviser at Judo Bank, Managing Director and Founder of EQ Economics, former chief economist of the ANZ Banking Group and a principal adviser to the Federal Treasury. Hogan also undertakes residential property research as an economic adviser to Halo Technologies.

For more on today's topic, Hogan was a guest on With Interest earlier this year, offering expert insights on Australia's property market.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast platform.

You can email the podcast team at [email protected]

The ISSB's new reporting standards IFRS S1 and S2 are set to have a wide-ranging impact. If you're a business, finance or accounting professional, these expert insights on the two new reporting changes will come in handy.

Tune in now to so you can better understand how these reporting changes might impact your business.

Hosts: Patrick Viljoen, Senior Manager ESG policy, CPA Australia and Ram Subramanian, Senior Manager, Reporting Policy, CPA Australia

Guest: Terence Jeyaretnam, Partner and APAC Leader of Ernst & Young Climate Change and Sustainability team based in Melbourne

For more information on today's topic, CPA Australia has insights on sustainability reporting – IFRS S1 and S2 and the implications for Australian entities and their boards.

Additionally, in the light of climate-related risks becoming a major area of focus for organisations today, CPA Australia has a climate risk and audit of financial statements overview guide.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast platform.

You can email the podcast team at [email protected]

Financial performance isn't the only corporate benchmark these days.

Investor and public information needs are evolving towards a broader set of performance measures, such as climate change, modern slavery and human rights.

Tune in now to learn more.

Host: Ram Subramanian, Senior Manager Reporting and Audit Policy, CPA Australia

Guest: Dr Andreas Barckow, Chair of the International Accounting Standards Board (IASB)

For more information, the International Financial Reporting Standards Foundation (IFSB) website has an article that explains the benefits of connectivity in reports.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast platform.

You can email the podcast team at [email protected]

Are you concerned about data fraud at tax time? If so, this podcast can help. 

Learn how to avoid online scams and keep your personal and business data safe with expert advice from the ATO. Join Assistant Commissioner Tim Loh and CPA Australia’s senior tax manager as they explain smart ways to avoid online scammers at tax time. 

Tune in now. 

Host: Elinor Kasapidis, Senior Manager Tax Policy, CPA Australia

 Guest: Tim Loh, Assistant Commissioner Australian Tax Office (ATO)

For more information, the ATO website has multiple resources for online security tips and advice. The myGovID website is also updated regularly with support materials.

CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance, and accounting: 

• With Interest
• INTHEBLACK
• Excel Tips

Search for them in your podcast platform. 

You can email the podcast team at [email protected]