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Highlighted publications

Archive
 

2024

• Mandatory climate-related financial disclosures introduced into Parliament - The introduction of legislation into Parliament represents the next step toward mandatory climate-related financial disclosures in Australia. Larger entities will report first, but not before December 2025

• Treasury’s final consultation on climate-related financial disclosures - Understand Treasury’s third and final consultation on mandatory climate-related financial disclosures in Australia, to be introduced in a phased approach

2023

• Australia’s first climate standards: no more waiting - Understand the AASB’s proposed requirements for climate-related financial disclosures to be mandatorily applied in Australia from 1 July 2024

• Action now for mandatory sustainability reporting in Australia – Treasury’s second consultation significantly expands reporting scope

2022

• Toward mandatory sustainability reporting in Australia - Treasury has released two consultations that set the scene for mandatory sustainability reporting to be introduced in Australia in a phased implementation, possibly from 2024-25
• New financial reporting requirements for AFS licensees – ASIC has put new financial reporting requirements in place for Australian Financial Services licensees, which apply from 30 June 2022, with some transitional relief
  
• Putting ASIC areas into focus - Financial reporting in times of risk and uncertainty
• Not-for-profit 2022 financial reporting update - The June 2022 reporting season may present significant challenges for not-for-profit entities
• New financial reporting requirements for AFS licensees - New financial reporting requirements in place for Australian Financial Services licensees from 30 June 2022, with some transitional relief
• Not-for-profit 2022 financial reporting – The June 2022 reporting season may present significant challenges for not-for-profit entities
• Simplified Disclosures – Transition options and opportunities – Exploring the opportunities available on transition to the Simplified Disclosures financial reporting regime
• Removal of special purpose financial statements – Understanding the new financial reporting framework applying to many for-profit entities at 30 June 2022
• Responding to ASIC areas of focus (June 2022) – Financial reporting in times of risk and uncertainty

2021

• Accounting for the R&D tax offset - Exploring the financial reporting implications of the revised R&D tax offset applying from 1 July 2021
• Software-as-a-Service arrangements – Potentially significant accounting changes for entities that have entered into cloud-computing arrangements
• GPFS for CBC reporting entity requirements - Understanding and applying financial reporting obligations arising under Australian tax law
• Responding to ASIC areas of focus - Financial reporting under COVID-19 and the emerging economic recovery
• Responding to regulatory focus areas (June 2021) - Financial reporting under COVID-19 and the emerging economic recovery
• Not-for-profit 2021 financial reporting update -  The June 2021 reporting season is expected to be a challenging period

2020

• Disaggregated revenue disclosures
  February 2021
• Not-for-profit financial reporting for June 2020
  September 2020
• Regulatory focus areas – financial reporting in a COVID-19 environment
  July 2020 (Updated August 2020)
• Key actions, developments and dates - monthly summary
  June 2020
• Tax legislation expands entities required to prepare general purpose financial statements
  June 2020
• Removal of special purpose financial statements
  May 2020
• A diagnosis for your impairment assessment
  April 2020
• Disclosure of climate-related risks
  February 2020

2019

• Learnings from ASIC findings - considerations for next reporting season
  November 2019
• Proposals to eliminate special purpose financial statements for most for-profit entities and introduce new ‘Tier 2’ financial statements
  October 2019
• Non-IFRS measures – enhancements or embellishments?
  July 2019
• Proposed disclosures in special purpose financial statements
  July 2019
• ASIC focus areas for June 2019 reporting
  June 2019
• Proprietary company classification threshold increases
  May 2019
• Understanding the 'general purpose financial statements' requirements for significant global entities
  May 2019
• Measurement of expected credit losses for intercompany loan assets with no documented contractual term
  May 2019
• Schools - Accounting for waitlist and enrolment fees under the new revenue standards
  April 2019
• ASIC Findings from 30 June 2018 financial reports
  February 2019
• Long-term interests in equity accounted investees
  January 2019

2018

• ASIC focus areas for December 2018
  December 2018
• AASB 15 disclosure in the year of adoption and beyond - what you need to know
  December 2018
• Applying the expected credit loss model to trade receivables using a provision matrix
  July 2018
• Disclosing the adoption of new accounting standards in half-year financial statements
  May 2018
• Impact of electing to be an Attribution Managed Investment Trust (AMIT) – are the units debt or equity
  March 2018
• ASIC focus areas December 2017
  February 2018

2017

• Income for NFP - detailed report
  October 2017
• Deferred tax accounting for indefinite life intangibles 
  July 2017
• Clarity in financial reporting - The Remuneration Report 
  July 2017
• ASIC focus areas June 2017
  June 2017
• Focusing on impairment issues for June 2017
  May 2017
• Trail Commissions Impact of AASB 9 Financial Instruments - AASB 15 Revenue from Contracts with Customers
  April 2017
• Clarity in financial reporting - ASIC focus areas for December 2016 year ends
  February 2017

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