INTHEBLACK August 2024 - Flipbook - Page 10
FAST FOCUS
MORE WORK
TO COVER COSTS
Cost of living pressures are taking their toll on
Australian workers as 32 per cent feel financially
pressured to look for a second job this year,
according to research from Finder.
The research also shows that young Australians
are experiencing the most pressure, with 56 per cent
of Gen Z saying they will need to look for a second
job this year, followed by 40 per cent of millennials.
Data from the Australian Bureau of Statistics
shows 970,700 people nationwide worked multiple
jobs in December 2023.
Read the report
A MATTER OF TRUST
The accounting industry is facing a “global
trust crisis”, according to the Strategy and Work
Plan 2024–27 from the International Ethics
Standards Board for Accountants (IESBA).
The IESBA Code forms the basis
of accounting ethics rules in more
than 130 jurisdictions, while
the Strategy and Work Plan
sets out its vision, strategic
goals and actions for the
coming years.
Key highlights include:
• new initiatives to explore
ethical considerations
relating to the evolving role
of CFOs and other senior
professional accountants
in business
• independence considerations
relating to business relationships
between firms and their
audit clients
• a commitment to conducting
post-implementation reviews for
significant ethics standards the IESBA
has issued in recent years
• ongoing monitoring of the landscape
of technological transformations
and their impact on the professional
activities and services performed by
professional accountants.
Read the plan
10 INTHEBLACK August 2024
