Show Notes
What a week to make worst on ground. No matter how hard you tried, some other company did it worse.
Xero are pulling their much loved version 1 reports. That was a show until…
KPMG got caught cheating their chartered exams and CAANZ did barely anything about it. That was a show until…
CAANZ took 18 months to do what little they did causing all three accounting bodies to get a please explain from the Professional Standards Authority and somehow found a way to defend their actions and blame their processes instead of any one person.
Sounds like the type of unaccountable culture that could lead to….say……systemising ethical breaches.
Best on Ground
David
Xero’s Emotional Tax Return Campaign https://www.linkedin.com/posts/joseph-lyons-au_running-your-own-business-is-an-incredibly-activity-6949868389066514432-7Qly/?utm_source=linkedin_share&utm_medium=member_desktop_web
Accountants Daily new Editor Phil King is capturing the mood of the industry with tech news and industry voice
Paul
New Xero product - Xero go. Interesting given the current app already has a lot of the functionality. https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/
Beta testing new tech is good for the customer.
AI in Food - https://www.afr.com/technology/pizza-giant-gets-into-maths-of-preparing-food-before-orders-arrive-20220713-p5b1g0
Worst on Ground
Paul
CA can’t uphold the ethics of the profession
https://www.afr.com/companies/professional-services/professional-regulator-blasts-shocking-delay-in-kpmg-cheating-probe-20220718-p5b2jn Perception that CA treat big firms better than small may not be true CAANZ blame their processes, but what about their people? Who is actually responsible? The by-laws can’t punish the right entities How important is being part of the Professional Standards Authority?
ANZ - MYOB - Suncorp - Myob
https://www.arnnet.com.au/article/699933/anz-drops-myob-acquisition-talks/
David
Rezza hood manages to upset accountants and bookkeepers in one overly salesy Hpost
Mass Media Fear mongering on interest rates makes us dumberhttps://www.linkedin.com/posts/michaelhutchens_australias-mass-media-reporting-of-the-reserve-activity-6949950144876290049-rnjx/?utm_source=linkedin_share&utm_medium=member_desktop_web
Atlassian is so unprofitable but we worship them
https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/
Why VCFO Fails https://www.linkedin.com/feed/update/urn:li:activity:6947990583122513920/ VCFO association is part of the solution they spend their time trying to educate on the difference https://vcfoassociation.com.au/
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