Financial Reporting Conversations
Wayne Basford
Outreach Signals
Publishing Details
About This Podcast
Financial reporting isn’t just about compliance. It’s about clarity, accountability, and getting it right.
Financial Reporting Conversations, presented by Basford Consulting, helps accountants, auditors, directors, and legal professionals navigate the complexities of IFRS, auditing, and climate standards with confidence.
Each episode uncovers the unknown unknowns the hidden clauses, definitions, and disclosure nuances that most people overlook and explains how to apply them in real-world reporting environments.
Hosted by Wayne and Judith, the podcast translates technical standards into practical insights that help you avoid “Blind Freddy” mistakes, strengthen governance, and improve reporting quality.
If you’re ready to go beyond compliance and see what the standards really require, subscribe to Financial Reporting Conversations where we make the unknowns in financial reporting known.
Podcasting 2.0 Features
Social Media
Explore Statistics
Recent Episodes
Audit Failure and the Missing Engagement Partner
When an audit fails, the issue is not always a bad test or a missed checklist. Sometimes, the real problem is that the engagement partner was missing when it mattered most.In this episode of…
AI in Accounting: Speed, Risk and Judgment
AI in accounting is changing how technical papers, reports, training content, and audit resources are prepared. But faster does not always mean better.In this episode of Financial Reporting…
Financial Reporting Failure and the Limits of the Audit
When an audit goes wrong, the problem is not always that the auditor missed the issue. Sometimes, the issue was known but not communicated early, clearly, or to the right people.In this episode of…
Why Audit Failures Often Begin With Silence
When companies collapse shortly after receiving a clean audit opinion, the same question always follows: where were the auditors? But audit failure rarely begins at the moment the opinion is…
Why Audits Go Wrong: Commercial Pressure and Audit Quality
When companies collapse shortly after receiving a clean audit opinion, attention often turns to technical failures. But what if the deeper issue is commercial pressure inside the audit process…
S1E16 Why Audits Go Wrong: Are Audit Failures Caused by Resource Constraints?
When audit failures occur, the focus almost always turns to the audit file — missed procedures, weak evidence, or poor judgment. But what if audit failures are actually driven by something more…
Why Audits Go Wrong: The 7-Step Audit Failure Timeline
When a company collapses shortly after a clean audit opinion, the same question always comes up: where were the auditors? But audit failure rarely starts in the audit file.In this episode of…
S1E14 IFRS 3 Common Errors: Getting the Acquirer Wrong
Identifying the acquirer under IFRS 3 sounds simple until reverse acquisition scenarios prove otherwise. One of the most common errors in IFRS 3 is getting the acquirer wrong, and when that happens,…
S1E13 Why Audits Go Wrong: An Overview
When a company collapses after a clean audit opinion, the immediate question is always the same: where were the auditors? But audit failure rarely starts in the audit file.In this episode, we unpack…
S1E12 From Exploration to Development: Where It All Changes
The most dangerous phase in mining isn’t exploration, it’s development. This is where projects become capital intensive, assumptions get tested, and going concern risks start to emerge.In this…
S1E11 Auditing Fraud Risk in China and Emerging Markets
Auditing fraud risk in China is not just a technical challenge it can mean auditing businesses that don’t exist.In this episode, Wayne Basford and Judith Leung explore how audit fraud risk in China…
S1E10 Revenue Recognition Judgement Risks for Long Term Construction Contracts
Financial reporting standards have existed for decades. Yet revenue recognition errors continue to appear in financial statements, audit files, and regulatory findings under IFRS 15.So why does…
S1E9 Why Financial Reporting Still Goes Wrong
Financial reporting standards have existed for decades. Yet the same mistakes continue to appear in financial statements, audit files, and regulatory findings.So why does financial reporting still go…
S1E8 IFRS 3: Business Combination or Asset?
Get the IFRS 3 gateway wrong, and every number that follows is wrong.Before goodwill is measured, before fair values are calculated, before disclosures are drafted, there is one critical judgment…
ASQM 1: Why Audit Quality Still Fails
Why are so many firms treating ASQM 1 as a compliance exercise until ASIC starts asking difficult questions?In this episode, Wayne Basford and Judith Leung unpack what they are seeing in practice…
2026 Financial Reporting Predictions and Key Risks
Why do so many financial reporting risks only become obvious after ASIC starts asking questions? In this episode, Wayne Basford and Judith Leung share their 2026 financial reporting predictions and…
Why Financial Reporting Conversations Exists and What It Solves
Why does the financial reporting profession struggle with clarity, engagement, and getting the complex things right the first time? In this episode, Wayne, Judith, and producer Chris reflect on what…
Understanding Financial Reporting Fraud Through the Fraud Triangle
Why do financial reporting frauds emerge in organisations that don’t see themselves as high-risk? In this episode, Wayne and Judith unpack the real drivers behind financial reporting fraud and…
Sustainability Reporting: The Myths Behind S2 Explained
Why are so many organisations struggling with sustainability reporting even before their first S2 statement is due? In this episode, Wayne and Siobhan unpack the biggest myths they’re seeing across…
Inside the June 2025 Reporting Season Mistakes
Why are the same financial reporting mistakes still appearing every year, even with no new standards to blame? In this episode, Wayne and Judith unpack the recurring issues they saw across the June…
Frequently Asked Questions
Financial Reporting Conversations has published 21 episodes since November 2025, covering topics in Business, Education.
Financial Reporting Conversations is currently highly active with new episodes weekly. Average episode length is 26m.
Sign up on Grep.FM to access contact details for Financial Reporting Conversations, including email and social media links.
Similar Podcasts
Build with Leila Hormozi
Leila Hormozi
387 episodes
Shameless Leadership
Sara Dean
995 episodes
Daily Creative with Todd Henry
Todd Henry
116 episodes
The Productivity Show
Asian Efficiency
24 episodes
The Weekly Scrap, Firefighter Podcast
Corley Moore
349 episodes
Work with Erika Ayers Badan
Erika Ayers Badan
389 episodes