New income recognition requirements for not-for-profit (NFP) entities are now available for comment as a ‘fatal flaw’ draft. Read More
On Monday, 12 September, Board members and staff of both the AASB and AUASB conducted a joint strategy meeting. The purpose of the meeting was to reflect on the common challenges and opportunities that face both Boards and also how the Boards might better serve the Australian economy given significant technological change. Also in attendance was Bill Edge, Chair of the Financial Reporting Council. Read More
The AASB has updated its standard-setting work program as at 7 September 2016. Redeliberations on the Income of Not-for-Profit Entities project are now complete, and the standard is targeted for issue in Q4 2016. Timing of redeliberation on the AASB’s project on Service Concession Arrangement: Grantor has been updated to Q4 2016.
The Australian Accounting Standards Board (AASB) and the Australian Auditing and Assurance Standards Board (AUASB) are pleased to announce the appointment of Justin Lachal to the role of National Director, supporting both the AASB and the AUASB. Read More