Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREASIC reveals reasons behind insolvencies in FY17-18
Inadequate cash flow and poor strategic management of business were the biggest causes of failed businesses in the last financial year, with over 5,000 reports alleging insolvent trading.
Small to medium size corporate insolvencies dominate external administrators’ reports, with 84 per cent of failed companies having estimated assets of $100,000 or less, according to ASIC’s report of corporate insolvencies based on statutory reports lodged by external administrators for the 2017–18 financial year.
Read the full article at Accountants Daily.
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