The 47-15 edition of AASB International Update has been published. This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.
PAPs are a key initiative of the AASB with the objective of improving the quality of practical and relevant feedback available to the AASB. PAP membership is by invitation only and the AASB is pleased to note that PAP members are experts in their relevant fields and have significant practical experience. Their input is essential in helping the AASB make informed decisions.
The most recently formed PAP is for the Disclosure Initiative (DI) project. Please find attached a list of the Panel members for DI and the terms of reference for the PAP.
The AASB has released two Exposure Drafts: 1) ED 272 Transfers of Investment Property (Proposed amendments to AASB 140 Investment Property), which incorporates IASB ED/2015/9 Transfers of Investment Property (Proposed amendments to IAS 40 Investment Property) and 2) ED 273 Annual Improvements to IFRSs 2014-2016 Cycle, which incorporates IASB ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle. Read More
AASB 2015-9 Amendments to Australian Accounting Standards – Scope and Application Paragraphs inserts scope paragraphs into AASB 8 and AASB 133 in place of application paragraph text in AASB 1057. Read More