Financial reporting
Content Summary
2023
10 November 2023 - Overall, we have heard consistent views from preparers and auditors that AASB 1056 is well-written, structured and fit-for-purpose. Feedback also indicates that any additional reporting requirements, including sub-fund reporting, would be resource-intensive.
27 October 2023 - We recommend the IASB update the existing Illustrative Examples and include more Illustrative Examples, including the thought process and rationale, to assist preparers identify performance obligations. Also, we recommend that the IASB clarifies the requirements and gives greater emphasis to the assessment of control as the primary criteria for determining whether the entity is a principal or agent.
27 September 2023 - In general, the impairment requirements based on the expected credit loss model (ECL) in IFRS 9 Financial Instruments (IFRS 9) work as intended for financial institutions and represent an improvement to the incurred loss model prescribed in IAS 39 Financial Instruments (IAS 39). Nevertheless, entities other than financial institutions have found implementing the ECL impairment requirements a challenging and costly exercise.
19 July 2023 - We recommend the IASB introduce clarification around the electronic payment systems and financial assets with ESG features and include disclosure objectives.
2022
22 November 2022
9 December 2022
17 October 2022
8 September 2022
30 June 2022
1st April 2022
2021
23 December 2021
9 December 2021
26 October 2021
17 May 2021
2020
14 August 2020
3 August 2020
23 July 2020
16 July 2020
25 May 2020
19 February 2020
2019
19 December 2019
25 September 2019
7 February 2019
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The new world of corporate disclosure
11 July 2023 | How evolving public and investor needs are reshaping reporting measures
- Financial reporting
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Special purpose financial reporting removed for AFSLs
From 1 July, some for-profits can longer prepare SPFS. Here’s what the changes mean.
- Financial reporting
article·Published onWhat the end of special purpose reporting means for your clients
Which clients will be affected by the removal of the special purpose financial reporting framework?
- Financial reporting
article·Published on
Financial reporting
Research and resources to help you with financial reporting
- Financial reporting
Financial Reporting
This subject covers the financial reporting, technical accounting, and skills and values that are applicable in global business
- Financial reporting
Understanding annual reports
Guidance for understanding the statutory and regulatory requirements governing annual reports
- Financial reporting
