CPA AUSTRALIA
PODCAST

 
 

ASIC financial reporting focus areas and surveillance findings


A discussion with Douglas Niven, Senior Executive Leader at ASIC about the recently released financial reporting focus areas.  The discussion will also cover ASIC’s findings from its financial report surveillance program  

Highlights:

  • Financial reporting quality improvement requirements identified through ASIC’s surveillance programme – 01:21
  • What ASIC mean when they ask for financial reports to be useful and meaningful - 04:12
  • The significant upcoming impacts for companies if they don’t embrace the new accounting standards as outlined by ASIC - 08:21
  • The requirements for Directors, being primarily responsible for the quality of the financial report – 10:25
  • ASIC’s view on the major national and international developments which shape disclosure in the UFR – 13:05
  • The role of financial report preparers - 18:37
  • Focus areas appearing again how we can prevent this from reoccurring - 21:20



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