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New compilations for reporting periods beginning on or after 1-1-18​: New compilations for reporting periods beginning on or after 1-1-18 have now been published on the AASB website. Read More

New AASB Consultation Paper released: The AASB is exploring how to introduce the IASB’s revised Conceptual Framework for Financial Reporting into Australia, as well as its impact on financial reporting requirements. Read More

AASB Standard-setting frameworks finalised: Developed via public consultation, the AASB has finalised its Standard-setting frameworks for both for-profit and not-for-profit entities. The frameworks set out how the AASB uses IFRS Standards as a base to develop, issue and maintain Australian Accounting Standards; and to help identify when the AASB should undertake a project to modify IFRS and the form and extent of such modifications.

New AASB Research Report on public sector entities: The financial reporting framework that governs public sector entities has not been reviewed for many years. The public sector needs to be transparent and accountable to parliament for its financial outcomes, with the primacy of the budget and the provision of information for economic management, both nationally and internationally.  Read More

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