Each month, this section features the latest information for public practitioners on:
You can also access the archive of previous Public practice updates.
Your professional obligations
Professional indemnity: in and out of court video file
Professional indemnity claims are unfortunately a common fact of professional life, with claims activity potentially increasing in times of economic volatility. When they happen, claims are stressful, time consuming and costly.
Receive a free Professional indemnity: in and out of court video file series which utilises a team of experts involved in different areas of resolving professional indemnity claims.
Does your PI insurance cover a partners previous business?
When a practice takes on a new partner, that practice may be exposed to claims that could be made against the new partner for work done in a previous business.
Minimum level of PI insurance rises
Members are reminded that as of Tuesday 1 July 2008 the minimum level of professional indemnity (PI) insurance for CPA Australia members providing public accounting services will rise to $A750,000.
AML podcast be alert but not alarmed
Money laundering and terrorism financing are crimes that do not recognise borders, and public practitioners will soon be asked to play a part in deterring these crimes.
Register for a free AML member forums DVD
If you were unable to attend one of the anti-money laundering (AML) member forums in March and April you find out more about AML and how it will most likely affect you by registering for your free DVD copy of the Melbourne session.
The DVD covers what AML is; why Australia is implementing AML; what services are currently covered and what obligations apply these businesses.
Liens how it applies to you
A lien is a form of security, a common law right, which permits A to retain Bs property, until B satisfies an outstanding claim to A.
Quality control manual now online
The CPA Australia Quality control manual has been redrafted to reflect significant changes to the professional accounting regulatory framework and is now available online.
Tax checklists and letters updated tools now available
The tax checklists and letters in the online toolkit for public practitioners are in the process of being updated for 2007/2008.
The complete set will be available by the end of June.
Annual practising licence available
Following the approval of your application to become a public practice certificate holder you will receive an annual practising licence, in addition to receiving a one-off certificate.
Becoming a firm of the future
Do you have a succession plan in place?
CPA Australia has range of tools to assist you with succession planning one of the biggest issues currently facing the accounting profession.
Public Practice Advisory Committee nominations
Nominations are now open for new members of CPA Australias Public Practice Advisory Committee, formerly known as the Board Public Practice Committee.
Attracting investors and raising capital
Raising equity is similar to selling it is a partial sale or sell-down by existing owners, according to chairman of BizExchange, David Bird. An important difference is that the existing owners are going to need to work together productively into the future.
Your continuing education
TEN DVD: small business protection and tax treatment
Small businesses are now better protected from misuses of market power and unconscionable conduct under amendments to the Trade Practices Act 1974.
Find out what these changes are, and how they apply to your business, at the next TEN DVD session on Friday 13 June in Darwin from 12.00 pm to 1.30 pm.
Another DVD will also be screened at this time on tax treatments of critical events and buy sell agreements.
Super basics DVD series: how to get your SMSF started
Establishing a self-managed super fund (SMSF) is this months Super basics DVD topic.
Bring your lunch along to watch the DVD, which will be screened at the CPA Australia offices in Darwin on Friday 27 June from 12.00 pm to 1.15 pm.
The screening is free for members and $5.00 for non-members.
Closing date approaching for public practice study programs
The first enrolment closing date for the public practice study programs will be on Monday 7 July.
Accounting Handbook 2008
CPA Australia is pleased to present the 2008 Accounting Handbook. The handbook provides an invaluable, compact and portable reference source on current accounting standards, and associated professional pronouncements.
Understanding key accounting standards workshop
Gain an insight into the fundamentals of Australian accounting standards at the Understanding key accounting standards in a day workshop being held in Melbourne, Brisbane, Sydney and Perth in August.
Forthcoming events
Firm of the Future conference in Malaysia
Discover what conversations innovative firms are having today to ensure their survival and success in the future, at the Firm of the Future conference being held in Kuala Lumpur on Wednesday 6 August.
Public practice residential in Queensland
A Public Practice Residential course is being held on Friday 25 July to Saturday 26 July in Springwood, Queensland to complement the distance learning of the Public Practice Program.
Archive
May 2008
April 2008
March 2008
February 2008
The latest public practice update can be permanently accessed from the 'General information' sections of:
Starting your practice
Managing your practice
Growing your practice
Closing your practice
