Keynote: Navigating the Financial Landscape: Insights into changes coming from the AASB, ACNC and ATO
This keynote presentation will offer valuable insight into the future directions of key financial regulators. We will explore the focal points for regulatory bodies such as the Australian Accounting Standards Board (AASB), including the transition away from special purpose reporting and the emergence of sustainability reporting. Dive into the priorities of the Australian Charities and Not-for-profits Commission (ACNC), including good governance and navigating related party transactions. Additionally, gain clarity on the Australian Taxation Office's emphasis of compliance regarding Deductible Gift Recipients (DGRs) funds and Goods and Services Tax (GST). Stay ahead of regulatory changes and arm yourself with the knowledge and strategies necessary to effectively navigate these critical compliance areas for your school. Join us to ensure your organisation remains adaptable and compliant amidst the ever-evolving regulatory landscape.
Workshop: Charting the Course: Proactive Strategies for Managing Financial Reporting and Compliance Risks in Schools
This workshop will highlight some of the key financial risk areas within schools and providing strategic approaches to mitigate exposure. We will explore the concept of related parties, understand when disclosure is necessary and when it needs to be disclosed and how to develop processes to ensure thorough capture and adequate management. We will explore the evolving landscape of financial controls from adapting to paperless environments to mitigating fraud risks and maintain robust controls within distributed systems. We will address the critical issue of data security in the education sector, including how to mitigate data security exposures through policies, robust processes, and appropriate insurance coverage, with real-world examples from schools. Additionally, we will also explore management reporting best practices, including development of management reports that meet stakeholders' needs, incorporation of key performance indicators (KPIs), and leveraging data analysis tools for informed decision-making.
Presenter, Matthew Crouch, Saward Dawson
Matthew Crouch is a Partner at Saward Dawson and is a Chartered Accountant and Registered Company Auditor. Saward Dawson is a full scope accounting firm, specialising in services for not-for-profits. Matthew has over 15 years’ experience in the oversight and conduct of not-for-profit audit engagements, both large and small. Matthew has been the team leader on a many independent schools and College engagements. He leads the Saward Dawson Education Sector Team which undertakes many services for Independent Schools including, external and internal audits, grant acquittals, VRQA forecast reviews, payroll reviews, fringe benefit reviews, taxation advice, including NFP structures, GST, PAYG, government pandemic incentives, superannuation and salary packaging, technical seminars and updates.