Date posted: 27/11/2018 2 min read

WA Regional News November 2018

Find out what's been happening in Western Australia.

In Brief

  • Regional Manager update
  • Events recap
  • Upcoming events

Regional Manager update

The weather is (finally) starting to heat up, and the days are getting longer. It’s starting to feel a bit like Christmas in Perth as we barrel along towards December.

It is with great pleasure that we announce Meagan Hamblin CA has been named Young Regional Advocate for Western Australia by the WA Regional Council. Meagan joins 12 other Young Regional Advocates from around the world nominated for the 2018 CA ANZ President’s Prize awarded to a CA under 35 who has contributed to the accounting profession and their community.

Meagan has helped advance the profession by serving on a number of committees including the Young Chartered Accountants (YCA) Panel for Western Australia and the Chartered Accountants in Business Panel. In addition to the events Meagan has co-ordinated at YCA WA, she has had a key role in the not-for-profit Experience Program and Strategies for Success, which helps young chartered accountants develop key skills like negotiation and meeting and presentation techniques.

Meagan has been an active member in the community and has volunteered her skills as a Chartered Accountant by taking on the role of treasurer on the board of Girl Guides WA, where she chaired the finance committee.

Meagan currently works as an financial accountant in statutory reporting at Wesfarmers.

Congratulations Meagan on this great achievement - the WA office are so proud!

Meagan and Jane Stanton

Meagan and CA ANZ President, Jane Stanton

We have just finished the interview stage of mentee applications for the Not for Profit Board Experience program, which is now in its second year. The quality of applicants for the program is very high. Our issue now is locking in enough organisations and mentors for the amazing range of mentees that we have!

In the lead-up to Christmas, the WA office will be open until 21 December and will be closed until Monday 7 January. We wish you all a safe, happy and fun-filled holiday season with family and friends.

WA Regional Team

WA Regional Team

Recap of last month's events

Entrepreneurship Panel

This special event, held on 24 October, featured a panel of amazing entrepreneurs who are forging their way in the Perth business community. The four panelists, representing the movers, shakers, disrupters and innovators, were Jane Muirsmith FCA from Lenox Hill, Tim Cornish CA from Pentanet, Kelly Moore CA from Meridian Corporate Consultants and Jon Stewart CA from Australis Oil & Gas Ltd. Attendees were inspired to hear how they organised the capital, talent and other resources to turn their ideas into commercially viable operations.

Forensic Accounting: How Fraud Affects a Valuation and How to Prevent It

Hollie Poynton CA, Certified Fraud Examiner, presented at our latest Forensic Accounting Discussion Group Breakfast on 31 October. Hollie drew on her 12 years of experience in forensic accounting, corporate restructuring and as a commercial accountant to discuss how fraud can not only cause a significant financial loss to a business but can also affect the valuation of a business. Attendees learnt how to identify fraud risks, and heard Hollie’s review of current fraud prevention controls.

Career Connections - Managing Your Career in Times of Change

This dynamic session on 31 October delved into some key concepts of career development and stimulated thought on how one develops their network to maximize opportunities in an age of disruption. Lois Keay-Smith, Director of Career Wisdom, based her presentation on her extensive experience having worked with executives in transition, adult career changers, professional rugby players and retiring ballet dancers and young people with cancer navigating career challenges. Attendees left this session with the beginnings of an action plan to get their careers in even better shape.

Building Knowledge – Specialised Advice for the Growing Retiree Market

On 8 November we welcomed Peter Tyndall CA, Director at Primetime, who discussed how accountants in public practice can transform themselves from being a provider of compliance services, to that of being a trusted advisor. Peter referred to his extensive work in providing strategic and proactive planning to enhance the quality of life to retirees. He provided advice on how to supply much-needed and valued advice to the growing retiree market, providing individuals, couples and families with tools to evaluate their circumstances and implement proactive plans for life throughout retirement.

Building Knowledge – Buying and Selling an Accounting Practice

On 13 November, Catherine Jones CA and David Screaigh CA from Zircom Business Brokers, presented a highly attended Building Knowledge Session, exploring the motivations behind why someone would wish to buy a practice or add to an existing practice. Catherine and David examined the current state of the market and what an accounting practice is worth in current market conditions. They discussed the various factors to consider when buying and selling a practice, as well as a broad outline of the sales process and what to expect.

Insolvency and Conversations with Clients Pre-Liquidation

Members in Practice welcomed Mervyn Kitay FCA, Partner at Worrells Solvency & Forensic Accountants, on 14 November to discuss the key issues that arise when a company is placed into liquidation, paying close attention to the areas where accountants and advisors could potentially find themselves in the firing line from their client directors. Members were encouraged to be mindful of and consider these key issues to avoid potentially litigious situations should the company subsequently be placed into liquidation or administration.

Upcoming Events

For more information on any of our events please email the team.

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