Ethical conflicts revised
Dan Wade • April 14, 2020
ETHICAL CONFLICTS REVISED
The APESB has issued a revised APES GN 40 Ethical Conflicts in the Workplace – Considerations for Member in Business to replace the 2015 version.
The key changes include:
- Revisions to reflect the restructured APES 110 Code of Ethics for Professional Accountants (including Independence Standards)
- Amendments to the scope and application section to align with other APESB pronouncements
- Inclusion of guidance that refers members to requirements in the code on responding to non-compliance with laws and regulations
- Inclusion of references and guidance on the updated whistleblowing legislation
- Inclusion of guidance for members when they face pressure to breach fundamental principles, and
- An updated layout for case studies.
The revised APES GN 40 is effective as of date of issue.
Dan Wade is the audit expert at Wrights Chartered Accountants, make an appointment to speak with him here .
When profit feels tight, many businesses jump straight to chasing more revenue. Growth matters, but so does the quality of each dollar you keep. A practical way to improve your profit and loss (P&L) without disrupting sales is to take a fresh, focused look at your overheads .
The halfway mark is the perfect moment to pause, review, and reset. A calm, honest look at the first six months helps you protect profit, steady cash flow, and focus your team on what matters for the rest of the year. Think of it as a service for your business: check the gauges, make small adjustments, and keep moving confidently.
If you’re closing over Christmas/New Year, a little prep now means you can actually switch off, and reopen without a scramble. Use this simple plan to line things up before you lock the door, and to be ready for the first week back.
Getting the “employee vs contractor” call wrong can be expensive. It affects how you pay people, what taxes and super you owe, your workers comp and payroll tax, and your risk if the ATO or Fair Work take a closer look. Here’s a practical guide to the key differences, the hidden traps, and how a diligent accountant helps you stay on the right side of the rules.
What You Need to Know and Do
From 1 July 2025 , interest charges applied by the Australian Taxation Office (ATO) are no longer tax deductible .
What These Changes Mean for Your Business – and How to Prepare Now
What do I want next year to look like - and how much profit do I want to make?
What the New Super Changes Mean for Your Business
We’re now over halfway through the financial year, making it the perfect time to pause and assess how your business is tracking.