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Australian Accouting Standards Board
Australian Accounting Standards Board Developing, issuing and maintaining Australian Accounting Standards and related pronouncements

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Office closure: our offices will be closed for the holiday period on 5 pm Friday 22 December and will re-open at 9 am on Monday 8 January 2018. We wish you a happy and safe holiday.  

Important progress made at AASB 12 December 2017 meeting: The forthcoming revised IASB Conceptual Framework would have the effect of removing the existing reporting entity concept in Australia – one implication being the removal of ‘special purpose financial statements’ as a reporting option. The Board will consult with stakeholders on a staggered approach to adopting the revised framework.  Read More

The AASB has updated its work program as at 27 November 2017. The revised work program includes a more detailed timeline of the Board activities and considerations planned for the forthcoming meetings.

Webinar: Australian Reporting Framework – Charities Following the outreach sessions held last month in Brisbane, Sydney, Adelaide and Melbourne, the AASB is hosting a webinar to share the feedback provided at those sessions and to further explore the type and nature of improvements that could be considered. Further details.

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