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Showing 1 - 10 of 11 results for "Australian Accounting Standards"

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... would make financial disclosure of climate risk and opportunity mandatory in Australia using the Australian Accounting Standards Board (AASB)'s SR1 Australian Sustainability Reporting Standards - Disclosure of Climate-related Financial Information ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... ensuring compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently conducts risk-based reviews of financial statements from selected listed companies and other key ...

CPA calls for regulatory reforms for NFPs, charities

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
... differences remain leading to unnecessary duplication." It noted that the ongoing project of the Australian Accounting Standards Board to develop a simplified financial reporting framework for smaller NFPs. "Such measures should improve the resilience ...

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... information with the annual member notices." But: "The current regulations do not align with the Australian Accounting Standards and impose unnecessary costs on funds and their members." With the aim of improving disclosure requirements and providing ...

Super fund reporting, auditing reform consultation opens

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... to APRA and don't have to produce publicly available financial reports in accordance with Australian Accounting Standards. "This results in a lack of transparency, accountability and regulatory oversight unsuited to the compulsory nature of superannuation," ...

New requirements for SMSFs

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... will come into effect 1 July 2021. New accounting standard AASB 2020-2 has been released by the Australian Accounting Standards Board (AASB) and will come into effect from 1 July 2021. The ATO said it will change the reporting requirements of certain ...

IFRS eliminates need for GAAP reconciliation

... for Australia and further supports the decision by Australia to move to IFRS as the basis for Australian accounting standards." "Any decision by the SEC to eliminate the reconciliation requirement for companies applying IFRS will apply to Australian ...

Banks face volatility with shift to global accounting standards

AAP  |  WEDNESDAY, 15 SEP 2004
... to standards derived from the International Accounting Standards Board and administered by the Australian Accounting Standards Board. But from 1 January, 2005, businesses will be required to comply with these standards. \"It will affect all Australian ...

Transition to IFRS will be smooth; APRA

... any prudential amendments after new accounting standards take effect from 1 January 2005. The Australian Accounting Standards Board earlier in the month confirmed an Australian equivalence of the International Financial Reporting Standards (IFRS), which ...

AMP incurs $3.6 billion writedown on HHG demerger

AAP  |  MONDAY, 16 FEB 2004
... Securities and Investments Commission. AMP said the writedown is a non-cash item and is required under Australian accounting standards.
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