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| October 2026
Beyond the Numbers -
With most June year-end audits now signed off, this is a good time to look ahead, and there's plenty coming.
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AASB 18 is the biggest change coming. Ralph Martin and Nadia Hattingh look at the standard's overarching principles: what belongs in the primary statements, what belongs in the notes, and how to aggregate and disaggregate information. Ralph also explains the reforms to not-for-profit reporting. For most NFPs, special purpose financial statements are being replaced by a new Tier 3 framework. If you're involved with a private sector NFP, I'd encourage you to read it.
On the regulatory front, Ralph and Ross Shillingford cover ASIC's consolidation of 17 financial reporting and audit relief instruments into two. The relief itself has barely changed, but any references in your financial statements and compliance documents will need updating.
AI is a topic no organisation can ignore at the moment, so I'd recommend reading Louis Quintal's article on AI in audit and accounting. Rather than asking which tool to buy, he looks at whether AI is right for you now, where it genuinely improves the work, and what should never be handed over to it.
Please register using the link below for the next Economic Update via Zoom with Devika Shivadekar and Joe Brusuelas on Tuesday, 24 November 2026 [12–1pm AEDT, 9–10am AWST]. You'll also find the Fintech Annual Census 2026 in this edition, produced with FinTech Australia.
If any of these topics raise questions for your organisation, please reach out to me or your RSM adviser. We're always happy to help. |
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Measuring the state, trajectory and needs of Australia’s fintech sector Understanding the environment in which businesses operate is an important part of looking beyond the financial statements. The Fintech Annual Census 2026, produced by FinTech Australia and RSM, provides a data-driven view of the Australian fintech sector, exploring its scale, health, challenges and future outlook.
This report draws on a survey of 135 Australian fintech organisations conducted between July and August 2026, combined with the candid perspectives of leaders shared at national roundtables and one-on-one interviews.
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