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Past submissions

Submissions made by CPA Australia from 2012 – 2018 in response to external consultations.

Accounting


SUBMISSIONS DATE
Competency framework for chief financial officers in public interest entities (Malaysia) (PDF)
 31 March 2017
Draft IFRIC Interpretation – uncertainty over Income Tax Treatments (PDF)
 7 January 2017
IFRS Practice Statement: Application of Materiality to Financial Statements (PDF) 1 February 2016
IASB Request for Views – 2015 agenda consultation (PDF)
 2 December 2015

Audit and assurance


SUBMISSIONS DATE
IAASB ED 315: Identifying and assessing the risks of material misstatement (PDF) 2 November 2018
AUASB ED 03/18: ASA 540 Auditing Accounting Estimates and Related Disclosures (PDF) 15 October 2018
Three-yearly audit cycle for SMSFs (PDF)
 31 August 2018
IOSCO: Good practices for audit committees in supporting audit quality (PDF)
 25 July 2018
Proposed minor amendment to Prudential Standard SPS 310 Audit and Related Matters (PDF) 1 March 2018
Monitoring Group proposals on international auditing-related standard-setting (PDF)
 9 February 2018
Power to revoke legal practitioner trust account external examiners’ designation (PDF)
 9 February 2018
IAASB ED: ISA 540 Auditing Accounting Estimates and Related Disclosures (PDF)
 8 August 2017
AUASB and AASB strategy for three years to 2021 (PDF)
 4 August 2017
AUASB ED: ASAE 3500 Performance Engagements (PDF)
 25 July 2017
Department of Energy and Environment ED: National Greenhouse and Energy Reporting (NGER) Audit Determination and NGER Auditor Registration Instrument (PDF)
 13 June 2017
IAASB discussion paper on agreed-upon procedures engagements (PDF)
 11 May 2017
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report and conforming amendments to other auditing standards to reflect NOCLAR (PDF)
 27 May 2017
Assurance challenges for emerging forms of external reporting (PDF)
 10 February 2017
Use of data analytics in the audit (PDF)
 15 February 2017
AUASB exposure draft on auditor reporting issues (PDF)
 21 January 2017
ASIC consultation paper on communicating audit findings (PDF)
 12 October 2016
Amendments to Auditing Standards ASA 810 (PDF)
 16 August 2016
Amendments to Auditing Standards ASA 800 and 805 (PDF)
 19 July 2016
The Victorian Auditor-General Discussion Paper March 2016 (PDF)
 31 May 2016
IAASB invitation to comment on enhancing audit quality (PDF)
 30 May 2016
FMA proposed variations to standard conditions of market service licences (PDF)
 16 December 2015
IAASB Proposed Amendments to International Standards Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations (PDF)
 28 October 2015
IAASB Proposed Amendments to ISA 810 on Summary Financial Statements to reflect the auditor reporting enhancements (PDF)
 30 October 2015
Auditor responsibilities regarding other information (PDF)
 10 August 2015
Feedback on AUASB auditor reporting consultation (PDF)
 30 June 2015
IAASB – ISA 800 and ISA 805 (PDF)
 21 April 2015
APRA – simplification of reporting (PDF)
 17 April 2015
Proposed changes to long association of personnel (PDF)
 11 November 2014
Hong Kong regulatory proposals for audit (PDF)
 18 September 2014
Non assurance services for audit clients (PDF)
 7 August 2014
Proposed changes for non-assurance services (PDF)
 7 August 2014
What else should auditors be looking at? (PDF)
 18 July 2014
Strategic direction of audit standard-setter (PDF)
 4 April 2014
Assurance framework for the Emissions Reduction Fund (PDF)
 21 February 2014
Amendments to quality control standard (PDF)
 21 October 2013
Direct assistance from internal auditors (PDF) 
 30 September 2013
Resignation, removal and replacement of auditors (PDF)
 2 September 2013
A framework for audit quality (PDF)
 13 May 2013
Standard on assurance engagements: General purpose water accounting reports (PDF)
 13 March 2013
Proposed standard on review engagements (PDF)
 8 February 2013

Business 

SUBMISSIONS DATE
Targeted amendments to the Division 7A integrity rules (PDF)
 26 November 2018
Small business: Single touch payroll (PDF)
 6 February 2015
Tax impediments facing Australian small businesses (PDF) 
 May 2014
Senate Economics Committee: Australia's innovation system (PDF)
 July 2014
Productivity Commission: Reducing the barriers to business set-up, transfer and closure (PDF)
 February 2015
Asian Century Taskforce (PDF) 
 2012
Future COAG regulatory reform agenda (PDF)
 18 October 2011

Corporate law


SUBMISSIONS DATE
Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2018 (PDF) 27 September 2018
ASX Corporate Governance Council: Consultation on the proposed fourth edition of the ASX Corporate Governance Principles and Recommendations (PDF)
 6 August 2018
Bankruptcy Amendment (Enterprise Incentives) Bill 2017 (PDF)
 31 January 2018
Strengthening penalties for corporate and financial sector misconduct (PDF)
 24 November 2017
Review of Corporate Insolvency Law - Report No. 2 of the Insolvency Working Group, on voidable transactions, Ponzi schemes and other corporate insolvency matters (PDF)
 29 June 2017
Extending crowd-sourced equity funding to proprietary companies (PDF)
 14 June 2017
Public consultation on amendments to Companies Act, LLPs Act and Accountants Act (PDF)
 13 January 2017
Inquiry into the Corporations Amendment (Crowd-sourced Funding) Bill 2016 (PDF)
 10 January 2017

Economics


SUBMISSIONS DATE
Modernising business registers program (PDF) 17 August 2018
Pre-budget submission to the Australian Government – 2018-19 (PDF)
 31 January 2018
Hong Kong Budget 2018-19 (PDF)
 18 December 2017
The digital economy – opening the conversation (PDF)  5 December 2017
Combatting illegal phoenixing (PDF)
 2 November 2017
Review of the services and investment chapters of ChAFTA (PDF) 15 September 2017
Proposed Australia/Hong Kong Free trade agreement (PDF)
 31 May 2017
Payment times and practices inquiry (PDF)
 19 January 2017 
2017-18 pre-Budget submission (PDF)
 7 March 2017
Treasury’s consultation on social impact investing (PDF)
 3 March 2017

Education


SUBMISSIONS DATE
Australian Curriculum Review (PDF)
 2012

Environmental, social and governance 


SUBMISSIONS DATE
Modern slavery in supply chains reporting requirements (PDF)
 27 October 2017
Corporations Amendment (Modernisation of Members Registration) Bill (PDF)
 25 July 2017
Inquiry into establishing a Modern Slavery Act in Australia (PDF) 5 May 2017
Inquiry into carbon risk disclosure (PDF)
 24 March 2017
Elder abuse (PDF) 28 February 2017
Task Force recommendations on climate-related financial disclosures (PDF)
 15 February 2017

Ethics 


SUBMISSIONS DATE
ED 01-18 Proposed Standard APES 220 Taxation Services (PDF)  18 May 2018 
IESBA questionnaire on fees charged by audit firms (PDF) 1 March 2018
ED 05-17 Proposed Standard APES 310 Client Monies (PDF)
 15 February 2018
ED 04-17 Proposed Standard APES 225 Valuation Services (PDF)
 2 February 2018
Treasury Laws Amendment (Whistleblowers) Bill 2017 – Exposure Draft: Corporate Whistleblowers (PDF)
 6 November 2017
Proposed Standard: APES 325 Risk Management for Firms (PDF)
 26 October 2017
Proposed application material relating to: (a) Professional Skepticism – Linkage with the Fundamental Principles; and (b) Professional Judgment – Emphasis on Understanding Facts and Circumstances (PDF)
 8 August 2017
Proposed guidance note: APES GN 31 Professional and Ethical Considerations relating to Low Doc Offering Sign-offs (PDF)
 4 August 2017
Improving the structure of the Code of Ethics for Professional Accountants —Phase 2 (PDF)
 14 June 2017
Proposed revisions pertaining to safeguards in the Code—Phase 2 and Related Conforming Amendments (PDF)
 5 May 2017
Proposed revisions to clarify the applicability of provisions in Part C of the Extant Code to Professional Accountants in Public Practice (PDF)
 3 May 2017
Long association of personnel with an audit or assurance client (PDF)
 18 April 2017
Proposed amendments to APES 110 Code of Ethics (PDF)
 30 March 2017
Review of tax and corporate whistleblower protections in Australia (PDF)
 17 February 2017
APESB: APES 310 Client Monies (PDF)
 16 September 2016
Code Changes on Long Association (PDF)
 23 May 2016
Improving the structure of the Code of Ethics (PDF)
 6 May 2016
Proposed revisions pertaining to safeguards in the code: Phase 1 (PDF)
 1 April 2016
Exposure Draft 03/15 – revision of APESB pronouncements (PDF)
 23 October 2015
Exposure Draft Responding to Non-Compliance with Laws and Regulations (PDF)
 9 September 2015
Exposure Draft 02/15 – revision of APESB pronouncements (PDF)
 27 July 2015
APES 350 Due Diligence Committees in connection with a Public Document (PDF)
 18 June 2015
Improving the Structure of the Code of Ethics for Professional Accountants (PDF)
 6 February 2015
Proposed strategy and work plan 2014 – 2018 (PDF)
 3 March 2014
Proposed amendments to APES 110 (PDF)
 9 October 2013
Auditor independence requirements (PDF)
 23 April 2013
APES 310 Dealing with Client Monies (PDF)
 22 February 2013
Charity governance standards (PDF)
 15 February 2013
Responding to a suspected illegal act (PDF)
 20 December 2012

Financial planning 


SUBMISSIONS DATE
FASEA – Code of Ethics Draft Legislative Instrument (PDF) 19 December 2018
FASEA – Relevant Providers Degrees, Qualifications and Courses Standard Draft Legislative Instrument (PDF) 14 December 2018 
FASEA – Foreign Qualifications Policy (PDF) 14 December 2018 
FASEA – Continuing Professional Development Draft Legislative Instrument (PDF) 7 December 2018 
FASEA  – Work and Training Requirement Draft Legislative Instrument (PDF) 30 November 2018 
Royal Commission into misconduct in the banking, superannuation and financial services industry (PDF) 26 October 2018
FASEA consultation paper 7: Foreign qualifications (PDF) 31 August 2018
FASEA consultation paper 6: Continuing professional development (PDF) 31 August 2018
FASEA consultation paper 5: Professional work and training requirement (Professional Year) (PDF) 17 August 2018
FASEA consultation paper 4: Provisional relevant provider term (PDF) 17 August 2018
FASEA consultation paper 3: Financial adviser examination (PDF) 30 July 2018
FASEA: Proposed guidance on education pathways for all advisers (PDF) 29 June 2018
ASIC consultation paper 300 Approval and oversight of compliance schemes for financial advisers (PDF) 28 June 2018
Consultation on Proposed Australian Financial Complaints Authority (AFCA) Rules (PDF)
 27 June 2018
FASEA – Code of Ethics for Financial Advisers Exposure Draft of Proposed Standard (PDF) 1 June 2018
ASIC consultation paper 298 Oversight of the Australian Financial Complaints Authority (AFCA): Update to RG 139 (PDF)
 6 April 2018
Post-implementation review of APES 230 Financial Planning Services (PDF)
 11 July 2017
Review of the financial system external dispute resolution and complaints framework (PDF)
 3 February 2017
Corporations Amendment (Professional Standards of Financial Advisers) Bill 2015 exposure draft (PDF)
 4 January 2016
Lift the professional, ethical and education standards (PDF)
 5 September 2014
Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 (PDF)
 30 April 2014
Professional indemnity insurance policy requirements for tax (financial) advisers (PDF)
 9 April 2014
Continuing professional education policy requirements for tax (financial) advisers (PDF)
 8 April 2014
Exposure draft TPB (I) D20/2014 – What is a tax (financial) advice service? (PDF)
 8 April 2014
Financial System Inquiry (PDF)
 March 2014
Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 (PDF)
 19 February 2014
Proposed registration requirements for registered tax (financial) advisers (PDF)
 11 October 2013
Standard APES 230 Financial Planning Services (PDF)
 9 November 2012

Financial reporting


SUBMISSIONS DATE
Treasury consultation to raise thresholds for financial report lodgment (PDF)
 14 December 2018
AASB ITC 41 – AASB approach to IPSAS (PDF)
 14 December 2018
AASB ITC 39: Solving the reporting entity and SPFS problems (PDF)
 9 November 2018
Extending the definition of a Significant Global Entity (PDF)
 16 August 2018
AASB Phase 1 proposals to remove SPFS (PDF)
 14 August 2018
IPSASB ED 64 – Leases (PDF)
 26 June 2018
IAASB ED 2018/1 Accounting Policy Changes (PDF)
 26 June 2018
IPSASB strategy and work plan 2019-23 (PDF) 7 June 2018 
IESBA ED 63: Social Benefits (PDF) 27 March 2018
Review of the Australian Charities and Not-for-profits Commission legislation (PDF)
 28 February 2018
AASB's standard-setting frameworks for for-profit entities and not-for-profit entities (PDF)
 15 January 2018
Definition of material: Proposed amendments to IAS 1 and IAS 8 (PDF)
 28 December2017
Accounting policies and accounting estimates: Proposed amendments to IAS 8 (PDF)
 22 December 2017
Provision of general purpose financial statements to the ATO (PDF) 27 October 2017
Amendments to IASB 16 Property, Plant and Equipment (PDF)
 18 October 2017
Financial reporting for heritage in the public sector (PDF)
 12 September 2017
Disclosure initiative: Principles of disclosure (PDF)
 12 September 2017
Modernising business registry services (PDF)
 5 September 2017
Post implementation review – IFRS 13 Fair Value Measurement (PDF)
 18 August 2017
Reduced Disclosure Requirements for Tier 2 entities – Australia (PDF) 13 June 2017
Reduced Disclosure Requirements for Tier 2 entities – New Zealand (PDF) 9 June 2017
Tentative agenda decision - Related Party Transactions for Public Sector Entities (PDF)
 3 February 2017
Service Concessions Arrangements – fatal flaw review (PDF)
 14 March 17
ATO's consultation on general purpose financial reporting (PDF) 27 September 2016
NSW Fair Trading support repeal of fundraising legislation (PDF) 15 July 2016
Improving financial information in prospectuses (PDF) 7 July 2016
AASB consultation on reporting service performance information (PDF) 6 May 2016
Amendments proposed in ED 59 to IPSAS 25 Employee Benefits (PDF) 29 April 2016
CPA Australia responds to the AASB on its agenda consultation 2017-19 (PDF) 11 March 2016
CP 248 – remaking ASIC class orders on reporting by foreign entities (PDF) 29 February 2016
ED 272 Transfers of Investment Property (PDF) 18 March 2016
Draft Private Ancillary Fund and Public Ancillary Fund Amendment Guidelines 2015 (PDF) 11 February 2016
IFRS Trustees Foundation Review (PDF)  24 November 2015
IFRS conceptual framework consultation (PDF)  5 November 2015
Exposure Draft 267 – clarifications to AASB 15 (PDF) 8 October 2015
Exposure Draft 268 – effective date of amendments to AASB 10 and AASB 128 (PDF) 9 September 2015
Proposals for income recognition by not-for-profit entities (PDF) 14 August 2015
Grantor accounting for service concession arrangements (PDF) 27 July 2015
Proposed amendments to IAS 7 (PDF) 31 March 2015
ED 256 Removal of cross references (PDF) 28 November 2014
ED 250 Australian groups with a foreign parent (PDF)  24 November 2014
Recognition of deferred tax assets for unrealised losses (PDF) 21 November 2014
Joint IASB submission: Macro hedging (PDF) 29 September 2014
Financial System Inquiry: Interim report (PDF) August 2014
How to improve disclosures in financial statements (PDF) 1 July 2014
Proposed amendments to IFRS for SMEs (PDF) 3 March 2014

Not-for-profit 


SUBMISSIONS DATE
AASB: ED 286 – Amendments to AAS – Right-of-use assets of not-for-profit entities  (PDF)
 6 December 2018
Treasury: Deductible Gift Recipient Reforms (PDF)
 17 September 2018
Senate Select Committee: Inquiry into charity fundraising in the 21st century (PDF)
 6 August 2018
AICD: Review of the ‘Good governance principles and guidance for NFP organisations’ (PDF)
 13 July 2018
Review of the Australian Charities and Not-for-profits Commission legislation (PDF)
 28 February 2018
CPA Australia calls for fundraising reform through the Consumer Law Review (PDF)
 31 May 2016
ACNC consultation paper on the 2016 Annual Information Statement (PDF)
 26 November 2015
ED 269 Recoverable amount of non-cash-generating specialised assets of NFPs (PDF)
 25 November 2015
Australia's Charities and Not-for-profits submission (PDF)
 20 August 2014

Public practice 


SUBMISSIONS DATE
MYOB’s proposed acquisition of Reckon’s Practice Management Group (PDF)
 1 February 2018
Introduction of ASIC’s Fees-for-Service under the industry funding model consultation paper (PDF)
 15 December 2017
Independent review of the Public Governance, Performance and Accountability Act 2013 (PDF)
 10 November 2017
ASIC cost recovery implementation statement – levies for ASIC industry funding (2017-18) (PDF)
 3 November 2017
Recommendation made in the small business lending report of the ASBFEO (Extending EDR schemes to cover accountants) (PDF)
 4 August 2017
Review of the future of the tax profession (PDF)
 7 March 2017
A model for regulation under Australia’s anti-money laundering and counter-terrorism financing regime (PDF)
 7 February 2017

Public sector 


SUBMISSIONS DATE
Review of the New Zealand State Sector Act (PDF)
 12 October 2018
IPSASB ED 57 Impairment of Revalued Assets (PDF)
 13 January 2016
Standard setter’s future governance (PDF)
 28 April 2015
Strategic direction of the public sector accounting standard-setter (PDF)
 5 August 2014
Consolidated financial statements (PDF)
 27 February 2014
Disclosure of interests in other entities (PDF) 27 February 2014
Investments in associates and joint ventures (PDF) 27 February 2014
ED 51 Joint Arrangements (PDF) 27 February 2014
Separate financial statements (PDF) 27 February 2014

Superannuation 


SUBMISSIONS DATE
Early release of super benefits under compassionate and financial hardship grounds and for victims of crime compensation (PDF)
 13 February 2018
Position paper: Transfer balance cap and SMSF ‘event-based’ reporting framework (PDF)
 21 September 2017
Inquiry into the impact of non-payment of the Superannuation Guarantee (PDF)
 24 February 2017
Better regulation and governance, enhanced transparency and improved competition (PDF)
 14 February 2014
Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 (PDF)
 15 May 2013
Reporting standards for superannuation (PDF)
 16 November 2012
Superannuation Legislation Amendment (further MySuper and transparency measures) Bill 2012 (PDF)
 16 May 2012
Limited Recourse Borrowings by Superannuation Funds (Instalment Warrants) (PDF)
 16 March 2012
Senate Inquiry into the Future of Financial Advice Bills 2011 (PDF)
 19 January 2012

Sustainability  


SUBMISSIONS DATE
Improving enforcement options for serious corporate crime: Consideration of a Deferred Prosecution Agreements scheme in Australia (PDF)
 6 May 2016
Inquiry into carbon risk disclosure (PDF)
 20 March 2016
Draft offence of false accounting (PDF) 
 9 October 2015
Senate Economics References Commit tee inquiry into foreign bribery (PDF) 
 24 August 2015

Taxation 


SUBMISSIONS DATE
The digital economy and Australia's corporate tax system (PDF 7 December 2018
Designing a modern Australian Business Number system (PDF)
 31 August 2018
Board of Taxation: Review of small business tax concessions (PDF)
 18 July 2018
Inspector-General of Taxation: Review into the ATO’s use of garnishee notices (PDF)
 4 July 2018
Treasury: Increasing the integrity of the Commonwealth Procurement process (PDF)
 18 June 2018
Future of Tax background paper (PDF) 30 April 2018
Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures (No.2)) Bill 2018 (PDF)
 5 March 2018
Improving the integrity of GST on property transactions (PDF)
 27 November 2017
Treasury Laws (Enterprise Tax Plan Base Rate Entities) Bill 2017 (PDF)
 28 September 2017
Tax treatment of payments for use and exploitation of a professional sportspersons public fame or image (PDF)
 1 September 2017
Collection models for GST on low value imported goods (PDF)
 30 August 2017
Black Economy Taskforce consultation document (PDF)
 18 August 2017
When are deductions allowed for employees' travel expenses? (PDF)
 18 August 2017
Treasury Laws Amendment (Housing Integrity Bill) 2017 (PDF)
 9 August 2017
Black Economy Taskforce interim report (PDF)
 31 July 2017
Small business over-franking in 2016-2017 income year because of tax rate change (PDF) 7 June 2017
Treasury Laws Amendment (GST Low Value Goods) Bill 2017 (PDF) 20 April 2017
Black Economy Taskforce (PDF)
 17 February 2017
Inquiry into taxpayer engagement with the tax system (PDF)
 10 February 2017 
Time for a rethink on tax reform in Australia (PDF)
 June 2015
South Australian State tax review (PDF) 10 April 2015

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