31 Oct. 2008
The inconsistent accounting treatments for particular types of intangible assets are addressed in a discussion paper released today by the Office of the Australian Accounting Standards Board (AASB) for comment by 15 May 2009.... Read more
22 Oct. 2008
AASB takes urgent action to assist with reclassifications of financial assets... Read more
3 Oct. 2008
The Australian Accounting Standards Board (AASB) has developed a revolutionary electronic solution, accessible via the AASB website, which enables users to identify and locate the accounting pronouncements (standards, interpretations and conceptual framework) relevant to their particular financial reporting period.
... Read more
23 Jul. 2008
The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) are launching new websites, featuring new branding, simplified navigation and an electronic solution enabling users to locate and tailor the standards relevant to their particular financial reporting period.... Read more
6 Jun. 2008
Disclosing entities that are companies (listed or unlisted) will continue to only disclose the remuneration of key management personnel in their director's report, and will not be required to duplicate the information in financial reports. This is a result of the release today of AASB 2008-4 Amendments to Australian Accounting Standard - Key Management Personnel Disclosures by Disclosing Entities, which amends AASB 124 Related Party Disclosures.... Read more
24 Apr. 2008
The Australian Accounting Standards Board (AASB) has issued ITC 16 to invite comments on an International Public Sector Accounting Standards Board (IPSASB) Consultation Paper regarding Service Concession Arrangements. ITC 16 outlines proposals for the accounting by public sector organisations for the infrastructure created by private sector organisations.... Read more
26 Mar. 2008
The AASB has issued a revised version of AASB 3 Business Combinations, which clarifies some of the accounting requirements for mergers and acquisitions.... Read more