- In 2021, there is sharpened regulatory focus on anti-money laundering and counter foreign interference
- Virtual arbitral hearings are becoming more common and have the potential to change the future of the industry
- Re-watch your favourite sessions online from the 2020 CA ANZ Forensic Accounting Conference
While the wide-reaching impact of COVID-19 is still being felt – and will be for some time – a new year allows us to look forward to the opportunities that lie ahead. There will certainly still be plenty of challenges to go around. But, as the economy slowly rebounds, we should see business performance improve and innovative technologies come to fore.
The 2021 McGrathNicol Forecast predicts three key areas of focus for organisations this year: performance, risk and re-organisation. For forensic accountants, the ‘risk’ category is of particular interest.
The report reveals there is sharpened regulatory focus on anti-money laundering and foreign interference, in addition to the perennial risks relating to fraud, financial misstatement and underpayments. It’s a topic we explore in this quarterly newsletter. See 'In the News' to read about the NAB staffer jailed over invoice fraud, the Australian man convicted of a multimillion-dollar cryptocurrency scam and the New Zealand property entrepreneur found guilty of obtaining fees by deception.
We also feature a thoughtful article on using virtual technology in expert evidence. As virtual arbitral hearings become more common, largely brought on by the advent of COVID-19, it’s interesting to look at the positives and negatives, as well as the potential it has to change the future of the industry.
“2021 is set to be action-packed for forensic accountants in Australia and New Zealand.”
Finally, if you missed out on attending our 2020 CA ANZ Forensic Accounting Conference in November, or want to revisit the content, we've made the seven sessions available online. Attendees can access them at no extra cost and other interested parties can register to watch the individual sessions on demand. The insights shared were highly valuable, so I recommend you take a look.
There has already been a wide array of integrity and dispute resolution issues gaining close attention in the media and among business and government leaders this year. If that’s anything to go by, 2021 is set to be action-packed for forensic accountants in Australia and New Zealand.
As always, feedback and ideas for content in our future newsletters is always welcome. Please email your suggestions to firstname.lastname@example.org.
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