Accounting - Standards and procedures experts

Introduction

Accounting is the recording, reporting and communication of financial information about an organisation or individual.

Accountants are the professionals who are responsible for the accounting procedures adopted by an organisation.

There are a number of major areas of accounting practice

• financial accounting,
• management accounting,
• external auditing,
• tax accounting
• cost accounting.

Professional organisations, laws and regulations all have a role in setting the accounting standards that are to be applied.

At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain a recommendation that suits your needs and budget.

Expertise in Action

The responsibilities and duties of accountants have received increasingly amounts of attention in recent decades as corporate collapses are given rise to class actions by shareholders and others with a financial interest in organisations.

Experts in the field of accounting may be asked to give an expert opinion as to:

• the profession standards that applied or apply to the work performed by accountants
• the appropriateness of the procedures applied by accountants
• the standard of the work performed by accountants

Sample Reports

For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.

Cost

The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:

• The need for a view or inspection of a location
• The quantity of documentary material to be reviewed
• Whether there are reports of other experts to be reviewed and commented on in detail
• Whether there is a need for conferences with the expert either in person or by telephone/Skype

Relevant Articles Australian Accounting Standards Board

Developing, issuing and maintaining Australian Accounting Standards and related pronouncements

Financial reporting requirements and accounting standards

Australia has a differential disclosure regime under which financial reporting requirements are set according to the type of entity, principally on the basis of the level of public interest in the entity.

Accounting Professional and Ethical Standards Board (APESB)

APESB issues standards that outline the responsibilities of professional accountants to act professionally and ethically when they are performing their role.  Each standard contains information on the scope and application of the standard, definitions

Related Blog Articles