The Australian Charities and Not-for-Profits Commission (ACNC), established in 2012, has played an important role in regulating the not-for-profit (NFP) sector, made up of about 600,000 NFPs, which have predominantly been concerned with charities.

It is not often professional and ethical standards in the accounting profession cause so much controversy, confusion and concern.

In the past couple of years, we’ve had a plethora of innovation summits, hackathons and the launch of the federal government’s “National Innovation and Science Agenda” (NISA), along with its four-pronged approach focusing on culture, capital, collaboration and talent.

Earlier this year, the Parliamentary Joint Committee (PJC) delivered its report on the inquiry into lifting the education, professional and ethical standards in the financial advice industry.

The world economy, including global value chains, is changing rapidly and this presents new challenges for business.