INTHEBLACK April 2025 - Magazine - Page 13
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Research, reports and video for accountants and finance professionals
CPA Australia
VIDEO
Should you make a lateral
career move?
MIT Sloan Management Review: Should you make a lateral career move? How to decide
CLICK TO LAUNCH VIDEO IN A NEW WINDOW
Hybrid-work expert Brian Elliott likens
careers to a jungle gym, rather than
the traditional ladder. Progress is not
always upward — sometimes, moving
sideways or even down leads
to advancement, because these
opportunities allow workers to gain
new skills and experiences. For people
looking to deviate from their current
role, Elliott suggests overcoming
internal biases about lateral moves
and to accept short-term setbacks
for long-term growth. This is a
thought-provoking interview suited
to anyone looking to change their
career trajectory.
Watch the video
ARTICLE
PODCAST
REPORT
Proposed merger between
Australian standard-setting
bodies: summary of a panel
session
The optimisation of brain states
for peak performance
Combating illicit finance:
driving effective response
across the judicial ecosystem
At the 2024 Accounting and Finance
Association of Australia and
New Zealand annual conference,
experts discussed the proposed
merger of the Australian Accounting
Standards Board, the Auditing and
Assurance Standards Board and the
Financial Reporting Council. This
article summarises some of the key
points raised. It considers the
challenges of consolidating the three
bodies, alongside the benefits, which
include streamlined operations and
improved financial reporting and
auditing standards. If executed, this
move will trigger the most significant
change in Australian financial reporting
regulation in decades.
Read the article
In this episode of Beyond the To-Do
List, performance expert Dr Mithu
Storoni discusses hyperefficiency.
Popularised in her book Hyperefficient,
this new approach to working requires
people to align tasks with their “brain
rhythms” to maximise cognitive
performance. Unlike efficiency, which
emphasises the quantity of output,
hyperefficiency prioritises quality,
a crucial factor at a time when
automation and AI are transforming
the workplace. Comparing the brain’s
function to a car engine, Dr Storoni
explains how to shift gears for tasks
that demand focus and deep thinking.
She also suggests strategies to
enhance creativity and avoid
cognitive overload.
Listen to the podcast
The United Nations Office on Drugs
and Crime estimates that 2 to
5 per cent of global GDP, or
US$1.9 trillion to US$4.9 trillion,
is laundered annually. This Deloitte
report outlines the challenges
of combating increasingly
sophisticated illicit financial activity.
It also references current solutions,
such as the Transaction Monitoring
Netherlands (TMNL) network, formed
by five Dutch banks, which collects
transaction data to identify unusual
cross-bank patterns linked to money
laundering. The report concludes with
recommendations for change,
advocating for a coordinated,
multisector and global response.
Read the report
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