Amendments to Auditor Independence requirements The accounting professional and ethical standards board (APESB) has released amendments to APES110- code of ethics for professional accountants, to align it with the recent amendments to the international code issued by the international ethics standards board for accountants (IESBA). The revisions to the code incorporate IESBA’s amendments in respect […]
Slowest living standards growth in ‘our lifetimes’
Slowest living standards growth in ‘our lifetimes’ Australians’ living standards are expected to increase at a ‘‘significantly slower’’ pace over the next decade than in the past five decades according to Treasury. In order to sustain the current growth in standards of living labour productivity growth of about 3.2% each year would be needed, a […]