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Reduced Disclosure Regime (RDR) Model Financial Statements

Early adoption for financial years ending on or after 30 June 2012


Author: Rutendo Kaviya and Darryn Rundell, Accounting Technical Group

Reduced Disclosure Regime (RDR) Model Financial StatementsThe AASB’s Reduced Disclosure Regime (RDR) provides an opportunity for for-profit reporting entities without ‘public accountability’, not-for-profit entities that are reporting entities and some public sector entities to present substantially less disclosure when preparing Tier 2 general purpose financial reports.

Our objective in this publication:

  • if you have already adopted the Reduced Disclosure Regime, is to assist you as you respond to changes to financial reporting requirements for the June 2012 reporting season
  • if you are considering early adopting the Reduced Disclosure Regime in the current year, is to assist you in identifying disclosures in your annual financial report that are not required when preparing financial statements under the Reduced Disclosure Regime.

This publication follows a similar format to the “Deloitte 2012 Model Financial Statements” applicable to Tier 1 reporters and highlights those sections where simplified disclosures may be available.

More information about the Reduced Disclosure Regime can be found in Accounting Alert 2010/08.


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