B. Business Accounting
Yen ensures that clients are kept up to date with relevant regulatory changes by researching and reviewing information issued by regulators, legal and accounting firms and circulating this information to clients. She also keeps up to date with accounting and audit standards issued by CPA Australia to enable her to assist clients in complying with accounting standards, which is part of the AFS licensing requirements.
Yen assists in the preparation of AFSL applications and licence variations for fund management and non-fund management operations with retail and wholesale clients; examines financial statements and cash projections for compliance with ASIC regulatory guide RG166 and reviews client financial records to assist them prepare for end of year financial audits.
With her practical knowledge of accounting and book-keeping, she is able to assist Know Compliance clients to develop processes for estimating their cashflows and budgets in the manner expected by ASIC, with detailed assumptions and explanations for their estimated costs in operating their businesses.
Yen also consults to a legal firm on accounting matters and assists them with their external audit.