The AASB has published a staff paper titled “To Disclose or Not to Disclose: Materiality is the Question”. The paper is designed to prompt preparers of financial statements to potentially rethink their criteria for determining which disclosures to include in their financial statements. Read More
The AASB has submitted a comment letter to the IASB on ED/2013/9 Proposed amendments to the International Financial Reporting Standard for Small and Medium-sized Entities. Read More
The AASB has submitted a comment letter to the IFRS Interpretations Committee’s tentative decision not to add to its agenda a request to clarify the interaction of the requirements in IFRS 3 Business Combinations (as revised in 2008) for identifying an acquirer with the requirements in IFRS 10 Consolidated Financial Statements for deciding whether control exists. Read More
The AASB has updated its work program as at 18 February 2014.